Stamp Duty Malaysia 2019

Budget 2019 was an exciting announcement and we think one of the biggest winners are under Property and Housing.

A lot of goodies for first-time house buyer and next year will be the best time to search and buy a house.

The new Stamp Duty Malaysia 2019 exemption for first-time house buyer will be the same as the previous year (Stamp Duty 2018 ) where for first-time home buyers that purchasing residential properties priced up to RM500,000, stamp duty exempted up to RM300,000 on sale and purchase agreements as well as loan agreements for a period of two years until December 2020.

This is great!

Let’s see how Stamp Duty Malaysia 2019 exemption works.

In an effort to reduce the cost of ownership of first home for Malaysian citizens, the government has proposed the following stamp duty exemptions:-

Effective Date : 1st January 2019 – 31st December 2020


Value of instruments of transfer and loan agreement for the purchase of first home

Exemption given on stamp duty

Up To RM300,000

100%


Effective Date : 1st July 2019 – 31st December 2020

Value of instruments of transfer and loan agreement for the purchase of first home

Exemption given on stamp duty

Between RM300,001 and RM500,000

100% on the first RM300,000 and excess is subject to the prevailing rate of stamp duty

2019 STAMP DUTY SCALE ( from 1st January 2019 – 30th June 2019 )

First RM100,000

1%

RM100,001 To RM500,000

2%

RM500,001 and above

3%

2019 STAMP DUTY SCALE ( NEW!) from 1st July 2019 onward

First RM100,000

1%

RM100,001 to RM500,000

2%

RM500,001 to RM1,000,000

3%

RM1,000,001 to RM2,500,000 (New!!)

4%

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Mak Hon Yean
Team Leader
REN: 07022
VIVAHOMES REALTY SDN. BHD
makhonyean@gmail.com
(+60) 16-6072228