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 a refund of tax when distributed to shareholders.
