Wealth Inheritors – Individuals

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Individuals who inherit wealth can use a Maltese Entity to reduce their inheritance taxes by converting the inheritance into money in low or non-tax jurisdictions, instead of high-tax jurisdictions. Gains of a capital nature are not taxable in Malta, so any inheritance remitted to Malta, shall insofar that it does not constitute a gain of an income nature, not be taxable in Malta.

Individuals can also restructure the income that their inherited portfolio generates so as to protect their assets and the income compounds to be tax-free. As a rule of thumb, immovable property is regulated by the lex situs, so any immovable property owned by the testator shall be regulated by Maltese Law. Whilst the devolution of immovable property in Malta, even by succession, may give rise to duty on documents tax, there are no inheritances taxes in Malta, and most assets devolved by way of inheritance, may be exempt from tax.

For bespoke Tax advice, please click here to contact our tax advisors or send us an email on enquiries@fbsmalta.com