A new government scheme will pave the way for abandoned buildings in village cores to be restored.

These buildings often remain in a derelict state due to disagreements among heirs, Environment Minister Mario de Marco said yesterday as he explained the scheme. However, the government plans to exempt multiple heirs from paying stamp duty when they transfer the property on to one owner to consolidate ownership. The scheme is to be launched in the coming weeks. Speaking during the morning television programme TVAM, Dr de Marco said one of the major reasons why buildings remained unused was the fact they were inherited by a number of people and no decision was taken on their use. Under the scheme, people who inherited such buildings would be encouraged to assign the responsibility for building to one person, he said. This would set the ball rolling for restoration.

Over the years the number of abandoned buildings in village cores has increased. Some of these buildings are architectural gems.

This multiple heir scheme should be on offer until the end of next year. It is one of a series of schemes listed among the Budget proposals aimed at restoring scheduled buildings in village cores and urban conservation areas. Other similar schemes include a 20 per cent refund of restoration expenses, up to a maximum of €5,000, for property owners.

People restoring to rent out or sell their property will also benefit from tax incentives.

The Malta Environment and Planning Authority will also consider widening the use of these restored buildings so they can be used for commercial purposes such as offices or boutique hotels. This will only be allowed if the use complements the residential area.

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.