First Time Home Buyer Malaysia Stamp Duty. How to calculate stamp duty in 2020. Stamp duty on the transfer of property valued at rm2 000 0000 will be rm54 000 prior to the revised rate and rm64 000 after the revised rate.
As for the first time home buyers purchasing a rm300 000 property there will be savings of circa rm5 000 on the stamp duty on the instrument of transfer. Meanwhile under budget 2019 the stamp duty on the transfer of property valued at more than rm1 million will increase from 3 to 4. 3 malaysian citizen first time home buyer.
Rehda president datuk soam heng choon said that these were part of its budget wish list.
1 january 2019 31 december 2020. Kuala lumpur nov 6 the real estate and housing developers association rehda malaysia today welcomed the federal government s announcement of stamp duties exemption on transfer and loan agreement for residential units priced rm500 000 and below as well as for white knight contractors and original purchasers of abandoned projects. How to calculate stamp duty in 2020. Is first time house buyer stamp duty exemption applicable to soho sovo sofo and service apartment property.