How much stamp duty do you pay when buying property in Gibraltar?

Short answer

No stamp duty is payable on property worth up to £200,000, and banded rates apply above that. First-time and second-time buyers of a qualifying home pay nothing on the first £300,000.

Detailed answer

Under Schedule 1 of the Stamp Duties Act 2005, the standard rates are:

Up to £200,000: no duty. Over £200,000 and up to £350,000: 2% on the first £250,000 and 5.5% on the remainder. Over £350,000: 3% on the first £350,000, 3.5% on the portion from £350,000 to £800,000 and 4.5% on anything above £800,000.

First-time and second-time buyers pay 0% on the first £300,000, 5.5% from £300,000 to £350,000, 3.5% from £350,000 to £800,000 and 4.5% above £800,000. Every purchaser must qualify, and the property must be wholly residential for use as a single dwelling. A first-time buyer has never bought residential property subject to duty, and a second-time buyer has done so only once. The deed must be accompanied by a certificate in the form the Commissioner requires, and giving a false certificate is an offence.

The purchaser pays the duty on a conveyance on sale. A stamp certificate must be sought within six months of the document being signed. Late stamping carries a penalty of 10% of the duty or £100, whichever is greater, plus interest at 5% a year where more than £1,000 is unpaid.

A 2025 Bill proposed limiting the first-time and second-time buyer rates to homes under £800,000, a 0.5% duty on off-plan purchase agreements and relief for over-65s downsizing their main home. Check with a lawyer whether these changes are in force before relying on them. The Budget delivered on Tuesday 7 July 2026 announced no stamp duty changes.