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	<title>
	Comments on: Penthouse sold to taxman Ivan Portelli at €49,000 less than purchase price 2.5 years earlier	</title>
	<atom:link href="https://daphnecaruanagalizia.com/2017/03/penthouse-sold-taxman-ivan-portelli-e49000-less-purchase-price-2-5-years-earlier/feed/" rel="self" type="application/rss+xml" />
	<link>https://daphnecaruanagalizia.com/2017/03/penthouse-sold-taxman-ivan-portelli-e49000-less-purchase-price-2-5-years-earlier/</link>
	<description>Daphne Caruana Galizia is a journalist working in Malta.</description>
	<lastBuildDate>Tue, 14 Mar 2017 10:36:00 +0000</lastBuildDate>
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	<item>
		<title>
		By: Batman		</title>
		<link>https://daphnecaruanagalizia.com/2017/03/penthouse-sold-taxman-ivan-portelli-e49000-less-purchase-price-2-5-years-earlier/#comment-3127398</link>

		<dc:creator><![CDATA[Batman]]></dc:creator>
		<pubDate>Tue, 14 Mar 2017 10:36:00 +0000</pubDate>
		<guid isPermaLink="false">https://daphnecaruanagalizia.com/?p=90992#comment-3127398</guid>

					<description><![CDATA[A friend has just told me that if an election were to be called today, he wouldn&#039;t vote. I told him that this would mean electing Labour by default. If this government disgusts you, you have a duty to vote tactically against it.

He saw my point and added that he thinks that it isn&#039;t bad enough to warrant a change in government. And then I reminded myself about what happened in the UK and what happened in America. 

Really unprecedented scary times for this world to KNOW that something is very wrong (he admitted that this corruption is very bad for the island) yet to sit back and DO NOTHING. 

The reason he gave was that the economy is doing well. Yes, the same economy that was founded by previous administrations. What did Muscat&#039;s government do to help the economy, introduce the passport scheme? Clearly the reason for that was to make some commissions/backhanders.

Dr. Busuttil, you have a year or so to continue cleaning up the Nationalist Party&#039;s act. Let&#039;s do so PLEASE without fail as the only way to achieve this huge goal is by being whiter than white. 

The Seabank standoff was certainly a good step in the right direction that gave out a clear message that this is a ZERO tolerance area. 

Anyone who is not willing to be honest in politics should just go or be asked to leave. Malta surely cannot afford another 5 years of this gross misconduct THROUGHOUT.]]></description>
			<content:encoded><![CDATA[<p>A friend has just told me that if an election were to be called today, he wouldn&#8217;t vote. I told him that this would mean electing Labour by default. If this government disgusts you, you have a duty to vote tactically against it.</p>
<p>He saw my point and added that he thinks that it isn&#8217;t bad enough to warrant a change in government. And then I reminded myself about what happened in the UK and what happened in America. </p>
<p>Really unprecedented scary times for this world to KNOW that something is very wrong (he admitted that this corruption is very bad for the island) yet to sit back and DO NOTHING. </p>
<p>The reason he gave was that the economy is doing well. Yes, the same economy that was founded by previous administrations. What did Muscat&#8217;s government do to help the economy, introduce the passport scheme? Clearly the reason for that was to make some commissions/backhanders.</p>
<p>Dr. Busuttil, you have a year or so to continue cleaning up the Nationalist Party&#8217;s act. Let&#8217;s do so PLEASE without fail as the only way to achieve this huge goal is by being whiter than white. </p>
<p>The Seabank standoff was certainly a good step in the right direction that gave out a clear message that this is a ZERO tolerance area. </p>
<p>Anyone who is not willing to be honest in politics should just go or be asked to leave. Malta surely cannot afford another 5 years of this gross misconduct THROUGHOUT.</p>
]]></content:encoded>
		
			</item>
		<item>
		<title>
		By: Leli		</title>
		<link>https://daphnecaruanagalizia.com/2017/03/penthouse-sold-taxman-ivan-portelli-e49000-less-purchase-price-2-5-years-earlier/#comment-3127396</link>

		<dc:creator><![CDATA[Leli]]></dc:creator>
		<pubDate>Tue, 14 Mar 2017 10:29:00 +0000</pubDate>
		<guid isPermaLink="false">https://daphnecaruanagalizia.com/?p=90992#comment-3127396</guid>

					<description><![CDATA[Kumbinazzjoni between November 2013 and February 2014 Silvio Debono was working on the extension of the San Antonio Hotel.

Kumbinazzjoni Xuereb Installations Limited lists this hotel as one of its reference sites.

Kumbinazzjoni Frank Xuereb is in the business of turnkey projects for the finishes of apartments but keeps a penthouse in shell form for two and a half years.

Kumbinazzjoni Frank Xuereb sold the penthouse to Ivan Portelli in February 2014 at a loss of more than €70,000.

Kumbinazzjoni Frank Xuereb gets permission for a reduced rate of tax from the tax authorities.

Kumbinazzjoni Ivan Portelli had worked in the department which issued such permits.

Kumbinazzjoni Ivan Portelli is a friend of Silvio Debono.

Kumbinazzjoni I am not an idiot.]]></description>
			<content:encoded><![CDATA[<p>Kumbinazzjoni between November 2013 and February 2014 Silvio Debono was working on the extension of the San Antonio Hotel.</p>
<p>Kumbinazzjoni Xuereb Installations Limited lists this hotel as one of its reference sites.</p>
<p>Kumbinazzjoni Frank Xuereb is in the business of turnkey projects for the finishes of apartments but keeps a penthouse in shell form for two and a half years.</p>
<p>Kumbinazzjoni Frank Xuereb sold the penthouse to Ivan Portelli in February 2014 at a loss of more than €70,000.</p>
<p>Kumbinazzjoni Frank Xuereb gets permission for a reduced rate of tax from the tax authorities.</p>
<p>Kumbinazzjoni Ivan Portelli had worked in the department which issued such permits.</p>
<p>Kumbinazzjoni Ivan Portelli is a friend of Silvio Debono.</p>
<p>Kumbinazzjoni I am not an idiot.</p>
]]></content:encoded>
		
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		<item>
		<title>
		By: Batman		</title>
		<link>https://daphnecaruanagalizia.com/2017/03/penthouse-sold-taxman-ivan-portelli-e49000-less-purchase-price-2-5-years-earlier/#comment-3127393</link>

		<dc:creator><![CDATA[Batman]]></dc:creator>
		<pubDate>Tue, 14 Mar 2017 10:18:00 +0000</pubDate>
		<guid isPermaLink="false">https://daphnecaruanagalizia.com/?p=90992#comment-3127393</guid>

					<description><![CDATA[It surely hints at the source of income to justify the Merc and the flat. A few deals like these coupled with shared savings could quickly fatten a bank account handsomely. 

Qazzu l-Alla li halaqhom.]]></description>
			<content:encoded><![CDATA[<p>It surely hints at the source of income to justify the Merc and the flat. A few deals like these coupled with shared savings could quickly fatten a bank account handsomely. </p>
<p>Qazzu l-Alla li halaqhom.</p>
]]></content:encoded>
		
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		<title>
		By: Julian Mompalao de Piro		</title>
		<link>https://daphnecaruanagalizia.com/2017/03/penthouse-sold-taxman-ivan-portelli-e49000-less-purchase-price-2-5-years-earlier/#comment-3127362</link>

		<dc:creator><![CDATA[Julian Mompalao de Piro]]></dc:creator>
		<pubDate>Mon, 13 Mar 2017 23:05:00 +0000</pubDate>
		<guid isPermaLink="false">https://daphnecaruanagalizia.com/?p=90992#comment-3127362</guid>

					<description><![CDATA[Interesting choice of notary. ]]></description>
			<content:encoded><![CDATA[<p>Interesting choice of notary. </p>
]]></content:encoded>
		
			</item>
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		<title>
		By: Chris Debono		</title>
		<link>https://daphnecaruanagalizia.com/2017/03/penthouse-sold-taxman-ivan-portelli-e49000-less-purchase-price-2-5-years-earlier/#comment-3127360</link>

		<dc:creator><![CDATA[Chris Debono]]></dc:creator>
		<pubDate>Mon, 13 Mar 2017 22:28:00 +0000</pubDate>
		<guid isPermaLink="false">https://daphnecaruanagalizia.com/?p=90992#comment-3127360</guid>

					<description><![CDATA[Mr Xuereb could have been facing a bad financial situation and had to sell.  When bartering services for property it always puts the contractor in a tight cash flow situation.
]]></description>
			<content:encoded><![CDATA[<p>Mr Xuereb could have been facing a bad financial situation and had to sell.  When bartering services for property it always puts the contractor in a tight cash flow situation.</p>
]]></content:encoded>
		
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		<title>
		By: Geoff1969		</title>
		<link>https://daphnecaruanagalizia.com/2017/03/penthouse-sold-taxman-ivan-portelli-e49000-less-purchase-price-2-5-years-earlier/#comment-3127340</link>

		<dc:creator><![CDATA[Geoff1969]]></dc:creator>
		<pubDate>Mon, 13 Mar 2017 17:49:00 +0000</pubDate>
		<guid isPermaLink="false">https://daphnecaruanagalizia.com/?p=90992#comment-3127340</guid>

					<description><![CDATA[Tell me about it. I had innumerable arguments with Portelli on such cases where the difference was much, much less.

Now we get to know that he did what he himself was paid to stop others from doing. 

Incredible.]]></description>
			<content:encoded><![CDATA[<p>Tell me about it. I had innumerable arguments with Portelli on such cases where the difference was much, much less.</p>
<p>Now we get to know that he did what he himself was paid to stop others from doing. </p>
<p>Incredible.</p>
]]></content:encoded>
		
			</item>
		<item>
		<title>
		By: Leli		</title>
		<link>https://daphnecaruanagalizia.com/2017/03/penthouse-sold-taxman-ivan-portelli-e49000-less-purchase-price-2-5-years-earlier/#comment-3127338</link>

		<dc:creator><![CDATA[Leli]]></dc:creator>
		<pubDate>Mon, 13 Mar 2017 17:14:00 +0000</pubDate>
		<guid isPermaLink="false">https://daphnecaruanagalizia.com/?p=90992#comment-3127338</guid>

					<description><![CDATA[So before 2011 the developers, that is Silvio Debono and Arthur Gauci, appointed Xuereb Installations Ltd to finish all 14 apartments in the block but to leave the penthouse in shell form.

For two and a half years, the owner of Xuereb Installations left this penthouse in shell form in spite of employing all the trades to finish the property.

Frank Xuereb paid almost €370,000 to acquire this property if one includes stamp duty and notary fees. Two and a half years later he sold it for €300,000  and pay stamp duty on that.

How generous of Mr. Xuereb.  How lucky this Ivan Portelli was.

U halluna, b&#039;min tahsbu li ser tqarrqu. It would be good to know when the compliance certificate for this penthouse was issued, and the electricity meter installed, as we will know gtom that when the property was actually finished.]]></description>
			<content:encoded><![CDATA[<p>So before 2011 the developers, that is Silvio Debono and Arthur Gauci, appointed Xuereb Installations Ltd to finish all 14 apartments in the block but to leave the penthouse in shell form.</p>
<p>For two and a half years, the owner of Xuereb Installations left this penthouse in shell form in spite of employing all the trades to finish the property.</p>
<p>Frank Xuereb paid almost €370,000 to acquire this property if one includes stamp duty and notary fees. Two and a half years later he sold it for €300,000  and pay stamp duty on that.</p>
<p>How generous of Mr. Xuereb.  How lucky this Ivan Portelli was.</p>
<p>U halluna, b&#8217;min tahsbu li ser tqarrqu. It would be good to know when the compliance certificate for this penthouse was issued, and the electricity meter installed, as we will know gtom that when the property was actually finished.</p>
]]></content:encoded>
		
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		<item>
		<title>
		By: av		</title>
		<link>https://daphnecaruanagalizia.com/2017/03/penthouse-sold-taxman-ivan-portelli-e49000-less-purchase-price-2-5-years-earlier/#comment-3127333</link>

		<dc:creator><![CDATA[av]]></dc:creator>
		<pubDate>Mon, 13 Mar 2017 16:38:00 +0000</pubDate>
		<guid isPermaLink="false">https://daphnecaruanagalizia.com/?p=90992#comment-3127333</guid>

					<description><![CDATA[Tajjeb. U l-popolin ihallas il-multi jekk id-dipartiment, biex ma nazzardax nghid xi wiehed bhas-Sur Portelli, jiddeciedi li d-dikjarazzjoni tal-bejgh kienet inqas milli suppost.

]]></description>
			<content:encoded><![CDATA[<p>Tajjeb. U l-popolin ihallas il-multi jekk id-dipartiment, biex ma nazzardax nghid xi wiehed bhas-Sur Portelli, jiddeciedi li d-dikjarazzjoni tal-bejgh kienet inqas milli suppost.</p>
]]></content:encoded>
		
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		<item>
		<title>
		By: Philip		</title>
		<link>https://daphnecaruanagalizia.com/2017/03/penthouse-sold-taxman-ivan-portelli-e49000-less-purchase-price-2-5-years-earlier/#comment-3127332</link>

		<dc:creator><![CDATA[Philip]]></dc:creator>
		<pubDate>Mon, 13 Mar 2017 16:35:00 +0000</pubDate>
		<guid isPermaLink="false">https://daphnecaruanagalizia.com/?p=90992#comment-3127332</guid>

					<description><![CDATA[So apart from the Dwejra rock arch, this penthouse is the only thing that went down in so many years. Halluna.]]></description>
			<content:encoded><![CDATA[<p>So apart from the Dwejra rock arch, this penthouse is the only thing that went down in so many years. Halluna.</p>
]]></content:encoded>
		
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		<title>
		By: Nicholas Brincau		</title>
		<link>https://daphnecaruanagalizia.com/2017/03/penthouse-sold-taxman-ivan-portelli-e49000-less-purchase-price-2-5-years-earlier/#comment-3127329</link>

		<dc:creator><![CDATA[Nicholas Brincau]]></dc:creator>
		<pubDate>Mon, 13 Mar 2017 16:16:00 +0000</pubDate>
		<guid isPermaLink="false">https://daphnecaruanagalizia.com/?p=90992#comment-3127329</guid>

					<description><![CDATA[Xbajt u tqazzizt nisma&#039; dal-haxi sfaccat.]]></description>
			<content:encoded><![CDATA[<p>Xbajt u tqazzizt nisma&#8217; dal-haxi sfaccat.</p>
]]></content:encoded>
		
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