Stamp duty is payable on the transfer or sale of any Gibraltar real estate or shares in a company owning Gibraltar real estate (on an amount based on the market value of the real estate) at the following rates:

(i)  Nil % where the value of the property does not exceed £300,000;

(ii)  5.5% on the balance, where the value of the property exceeds £300,000 but does not exceed £350,000; and

(iii) 3.5% on the balance where the value of the property exceeds £350,000.

For first and second time buyers, there is no stamp duty to pay on the first £300,000 of the cost of the property, irrespective of the total cost.

Stamp duty on transfers of properties between spouses is nil.

A special rate of stamp duty of 7.5% is payable on the sale of affordable housing developed by Government within the first 10 years since original purchase. The duty is not payable in circumstances of a forced sale, including in the cases of divorce or where a family moves to a larger property as a meritorious upgrade to another, newer, Government affordable housing estate.

Stamp duty is also payable on mortgages secured on Gibraltar real estate at the following rates:

• Mortgage of £200,000 or less 0.13%
• Over £200,000 0.20%