Updates

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STAMP DUTY EXEMPTION

Pursuant to Stamp Duty (Exemption) Order 2021 [P. U. (A) 53] and Stamp Duty (Exemption) (No. 2) Order 2021 [P. U. (A) 54] both deemed to have come into operation on 1.1.2021, stamp duty of all Instrument of Transfer and loan agreement to finance the purchase will be waived for the purchase of one unit of residential property by Malaysian citizen (individual) if:-

(1) market value of the residential property is not more than RM500k

(2) sale and purchase agreement is executed on or after 1.1.2021 but not later than 31.12. 2025;

(3) the individual has never owned any residential property including a residential property which is obtained by way of inheritance or gift, which is held by either individually or jointly.

REAL PROPERTY GAINS TAX (EXEMPTION) ORDER 2020

Gazetted on 28.7.2020 [P.U. (A) 218/2020] for disposal of Residential Homes from 1.6.2020 till 31.12.2021, Seller is entitled for exemption of RPGT for maximum Three (3) units of Residential Homes.

HOME OWNERSHIP CAMPAIGN (HOC)

Only applicable to buying the real estate property directly from the Developer who joined the HOC.

PURCHASE OF RESIDENTIAL HOMES FROM 1.6.2020 TILL 31.5.2021

Price ranging from RM300k to RM2.5mil, exemption of Stamp Duty on Instruments of Transfer for 1st RM1 Million and full exemption for Loan Agreement.

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