Rental Income Tax Calculator

In Malta, landlords can opt to pay a final withholding tax of 15% on gross rental income (form TA24) instead of declaring it as part of their normal income and paying tax at progressive rates. The 15% is applied to the gross rental income with no deductions allowed. It is a final tax, meaning no further tax is due on that rental income.

It depends on your marginal tax rate and expenses. If your other income puts you in the 25% or 35% bracket, the 15% flat rate is usually cheaper. If your total income is low (within the 0% or 15% bands) or you have large deductible expenses, declaring at progressive rates can result in less tax. This calculator compares both options with your actual numbers.

Under the progressive route you may deduct ground rent payable, licence fees under the Guest Houses and Holiday Furnished Premises Act, interest on loans taken to acquire or improve the property, and a further 20% maintenance allowance calculated on the rent remaining after ground rent and licence fees. Under the 15% TA24 option no deductions are permitted.

Yes, all rental income in Malta must be declared to the Malta Tax & Customs Administration. If you opt for the 15% final withholding tax, the TA24 form and payment are due by 30 April of the following year. Private residential leases must also be registered with the Housing Authority under the Private Residential Leases Act.

No. The chosen method applies to all your rental income in that tax year. You must select one taxation method per year and apply it consistently across all rental properties — you can, however, switch methods from one year to the next.

The 15% final tax on gross rent (form TA24) is unchanged in 2027. The progressive bands for married couples and parents with children are wider, so declaring rent at progressive rates can now be cheaper for families. Select 2027 in the calculator to compare both methods.