First Time Home Buyer Malaysia Stamp Duty. 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. First time homebuyers get stamp duty exemption on the memorandum of transfer and loan agreement for property purchases priced no more than rm300 000.
Property and housing summary stamp duty malaysia 2020 new updates. Finance minister datuk seri tengku zafrul abdul aziz announced the extension of full stamp duty exemption on instruments of transfer and loan agreements for first time home buyers until dec 31 2025 for homes priced up to rm500 000. Stamp duty waiver for first time house buyer.
How to calculate stamp duty in 2020.
1 january 2019 31 december 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. For purchases of between rm300 001 and rm500 000 a similar stamp duty waiver is applicable limited to only the first rm300 000 of the house price. Stamp duty on mot first time home buyers in malaysia do not need to pay this until after 2025.