Buy to Let in Gibraltar
With gross rental yields on buy to let property typically between 5 – 7% for residential property in Gibraltar, combined with an absence of locally applied Capital Gains Tax, low rent arrears rates, and minimum rental voids it is little wonder that the buy to let market has expanded as much as it has in recent years.
Regardless of whether you are looking to become a first-time landlord or want to expand your existing property portfolio, contact J Boyd Estate Agency for all of the buy to let support you will need.
A complete lettings and property management solution is provided to help you find and secure the perfect buy to let property, as well as let it in the simplest and most cost-effective manner.
Buy to let mortgages
Funding for buy to let is available in Gibraltar. Access for borrowers to mortgage funding will be dependent on the deposit amount, status and other commitments. Talk to J Boyd Estate Agency as early as possible for general information on the buy to let mortgage market in Gibraltar.
Your rental managing agent will prepare the tenancy agreements in accordance with local market practices. There are no Assured Shorthold Tenancy obligations applicable in Gibraltar so tenancy agreements are covered by contract law.
Although there is not Capital Gains Tax in Gibraltar, all income generated by the letting of property is subject to local tax. All landlords are required to register themselves at the local Tax Office whether they are resident in Gibraltar or not. It is recommended that all landlords refer to their Gibraltar tax adviser for advice on tax matters.