Immovable Property Account (IPA)

• Limited to immovable property situated in Malta.
• Profits/gains derived from alienation of immovable property or rights thereon.
• Profits derived from:

- rents
- premia
- accommodation and timeshare
- notional rental income in respect of owner-occupied immovable property situated in Malta
- construction and project management
- other prescribed activities

• Allocation of profits for notional rental income is based upon space occupied by the company in premises situated in Malta and owned by the said company, amongst other factors.
• Profits allocated to this account are not eligible for refund of tax when distributed to shareholders.

For further information about how Zammit & Associates – Advocates can help you with your real estate law requirements kindly contact us on tax [at] zammit-law [dot] com