The demand for Gibraltar rental property continues to increase and the UK’s decision to leave the EU in June 2016 and subsequent uncertainty does not, currently, appear to be affecting this. This high demand and limited supply leads to attractive rental yields, which may be one of the many reasons why owners decide to rent out Gibraltar property.
Added to this, in July 2016, the Government announced a budget measure incentivising new Gibraltar property investment and rental. This measure applies to any property constructed in the period from 1 July 2016 to 1 January 2019 and rented for residential purposes. It provides owners with a tax credit equal to the tax payable on the rental profits earned for the first twenty four months, if that period occurs in the first five years after the completion of construction of the property. The tax credit can be offset against the tax payable to extinguish any liability to tax. An encouraging economic measure in uncertain times.
STM Group plc (LON:STM) is a multi-jurisdictional financial services group listed on the Alternative Investment Market of the London Stock Exchange. The Group was formed as a strategic investment company specifically to build a leading financial services group originally operating in the international corporate and trustee service provider (CTSPs) sector.
