126.96.36.199. amend the loan agreement or conclude additional agreements in accordance with the provisions of clause 6.7 of the General Terms and Conditions of Sale; The publication of Legal Note 191, on 12 May 2020, made it possible to adopt new tax rules, entitled “Transfers of rights acquired under a contract of sale in 2020”. As the name suggests, the rules impose the treatment of income tax on profits generated on the assignment of rights arising from a promise to purchase in respect of real estate in Malta. The new rules follow the announcement made by the Minister of Finance in his last budget in October 2019, the publication of a notice on the revenue website in January 2020 and an amendment to the Income Tax Act passed in March 2020 authorizing the Minister to publish rules. 7.1.1. .
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