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Stamp Duty Malaysia 2023

Budget 2021 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 Stamp Duty Malaysia 2023 exemption for first-time house buyer will be the same as the previous year where for first-time home buyers that purchasing residential properties priced up to RM500,000, stamp duty exempted up to RM500,000 on sale and purchase agreements as well as loan agreements until December 2025.

This is great!

Let’s see how Stamp Duty Malaysia 2023 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 2021 – 31st December 2025

Value of instruments of transfer and loan agreement for the purchase of first home	Exemption given on stamp duty
Up To RM500,000	100%

2022 STAMP DUTY SCALE
First RM100,000	1%
RM100,001 to RM500,000	2%
RM500,001 to RM1,000,000	3%
>RM1,000,000	4%

Maximum Exemption:

Property Stamp Duty	Stamp Duty Rates	Stamp Duty Amount
First RM100,000	1%	1,000.00
RM100,001 To 500,000	2%	8,000.00
	Total	9,000.00

Loan Agreement Stamp Duty
RM500,000	0.50%	2,500.00
	Total	2,500.00

Scenario 1:
Property Price RM300,000
Loan Amount RM270,000 (90%)

Property Stamp duty:	Stamp Duty Rates	Stamp Duty Amount (RM)
First RM100,000	1%	1,000.00
RM100,001 To RM300,000	2%	4,000.00
	Total	5,000.00
	Exemption Amount	5,000.00
	Balance To Pay	0.00
Loan Agreement Stamp duty :
RM270,000	0.50%	1,350.00
	Exemption Amount	1,350.00
	Balance To Pay	0.00

Scenario 2:

Property Price RM335,000
Loan Amount RM301,500 (90%)

Property Stamp duty:	Stamp Duty Rates	Stamp Duty Amount (RM)
First RM100,000	1%	1,000.00
RM100,001 To RM335,000	2%	4,700.00
	Total	5,700.00
	Max Exemption Amount	9,000.00
	Balance To Pay	0.00
Loan Agreement Stamp duty :
RM301,500	0.50%	1,507.50
	Max Exemption Amount	2,500.00
	Balance To Pay	0.00

Scenario 3:
Property Price RM250,000
Loan Amount RM225,000 (90%)

Property Stamp duty:	Stamp Duty Rates	Stamp Duty Amount (RM)
First RM100,000	1%	1,000.00
RM100,001 To RM250,000	2%	3,000.00
	Total	4,000.00
	Exemption Amount	4,000.00
	Balance To Pay	0.00
Loan Agreement Stamp duty :
RM225,500	0.50%	1,127.50
	Exemption Amount	1,127.50
	Balance To Pay	0.00

Scenario 4:

Property Price RM500,000
Loan Amount RM450,000 (90%)

Property Stamp duty:	Stamp Duty Rates	Stamp Duty Amount (RM)
First RM100,000	1%	1,000.00
RM100,001 To RM500,000	2%	8,000.00
	Total	9,000.00
	Max Exemption Amount	9,000.00
	Balance To Pay	0.00
Loan Agreement Stamp duty :
RM450,000	0.50%	2,250.00
	Max Exemption Amount	2,500.00
	Balance To Pay	0.00

If you guys need a Sale and Purchase or Loan Agreement quotation for buying a house, please feel free to fill up the form below and we would be able to get it from our panel lawyer firms.

Don’t worry it’s a FREE service to you from us ^.^

We have new articles that you might interested to read:

Stamp Duty Calculation Malaysia 2023 And Stamp Duty Malaysia Exemption
Stamp Duty Malaysia 2023 – Commonly asked Questions

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Stamp Duty Malaysia 2023