Lots of people talking about buying a house. But, one thing a home buyer should know is how much the stamp duty will cost when buying a new house.

Today, we’re going to share the simple calculation of stamp duty and also the stamp duty waiver for first-time house buyer.

HOW TO CALCULATE STAMP DUTY?

Here is the stamp duty scale.

2023 STAMP DUTY SCALE

Stamp duty Fee 1% : For First RM100,000

Stamp duty Fee 2% : RM100,001 To RM500,000

Stamp duty Fee 3% : RM500,001 and RM1,000,000

Stamp duty Fee 4% : >RM1,000,000

We will show how simple the calculation for easy understanding.

For example, if you’re buying a house amounting RM300,000.The total stamp duty is :-

Stamp duty Fee 1% : For First RM100,000 = RM1000.00

Stamp duty Fee 2% : RM100,001 To RM300,000 = RM4,000.00

Total stamp duty have to pay is RM5,000.00

So this is total stamp duty, you can add legal fees, disbursement fees, valuation fees and other fees to estimate how much the cost of buying the house.

A good news for First-Time House buyer! Woohoo!

With the generosity of Malaysian Government and to increase the purchasing house for first-time house buyer, the government had implemented a stamp duty exemption started 2021 until 31st December 2025.

Criteria For First-Time House Buyer Stamp Duty Waiver:

Must be first-time house buyer. Never buy a house before and never inherited any property.
The Property Price must be less than RM500,000, if purchased between 1^st January 2021 to 31^st December 2025.
Stamp duty exemption is capped at RM500,000 on the property market value and loan amount.

The house below RM500,000 don’t need to pay Stamp Duty?

Now, we’re going to give you a second example.

Let’s said, using the same example, based on RM300,000 purchase price.

Stamp duty Fee 1% : For First RM100,000 = RM1000.00

Stamp duty Fee 2% : RM100,001 To RM300,000 = RM4,000.00

Total stamp duty have to pay is RM5,000.00

Due to, for first-time house buyer there is an exemption of Stamp Duty for property less than RM500,000, therefore you’re not required to pay anything.

How about for Purchase Price RM400,000?

Okay for the third example, if the Purchase Price is RM400,000.00.

The Actual Calculation of Stamp Duty is ( before first-time house buyer stamp duty exemption):-

Stamp duty Fee 1% : For First RM100,000 = RM1000

Stamp duty Fee 2% : RM100,001 To RM400,000 = RM6000

Total stamp duty have to pay is RM7,000.00

And because of the first-time house buyer stamp duty exemption, you can apply for the stamp duty exemption.

More Good News! Stamp Duty Exemption For Loan Agreement Stamp Duty!!

Yes, not only the exemption applies to Property transfer stamp duty but also to Loan Agreement Stamp Duty. Is that good or what!!

How To Calculate Loan Agreement Stamp Duty?

It’s actually quite simple to calculate Loan Agreement Stamp Duty. There are no scale fees, it’s a flat rate of 0.50% from the Total Loan Amount.

For Example,

If the loan amount is RM500,000.

The Loan Agreement Stamp Duty will be RM500,000 x 0.50% = RM2500.00

And if you’re first-time house buyer, this RM1500 will be exempted. Meaning, you’ll pay ZERO!

Another Example,

How about if the loan amount is RM400,000.

The Loan Agreement Stamp Duty will be RM400,000 x 0.50% = RM2000.00

And again, if you’re first-time house buyer, you can apply for the stamp duty exemption.

Do You Realise How Much Saving You Get??

Let’s do a calculation based on RM500,000 Purchase Price And Loan Amount RM450,000 ( margin of finance 90%) to see how much First-time House Buyer can save $$ on their Stamp Duty.

For Property Price of RM500,000

The Actual Calculation of Stamp Duty is ( before first-time house buyer stamp duty exemption) :-

Stamp duty Fee 1% : For First RM100,000 = RM1000

Stamp duty Fee 2% : RM100,001 To RM500,000 = RM8000

Total stamp duty have to pay is RM9,000.00

After first-time house buyer stamp duty exemption : RM9000-RM9000= RM0.00 ( Stamp Duty to pay)

Saving Amount : RM9000.00

For Loan Amount : RM450,000

The Actual Calculation of Stamp Duty is ( before first-time house buyer stamp duty exemption) :-

RM450,000 x 0.50% = RM2250.00

You can apply for the stamp duty exemption.

Saving Amount : RM2250.00

As a property investor, it is best if you can optimize the opportunity and investment toward buying a house. This exemption will have an end date, so grab this opportunity fast.

If you think this is helpful, feel free to share it with all your friends and family on all the social media platform.

For more Home Loan information and enquiry, please call/ Whatsapp us at +6012-6946746

or visit our website www.malaysiahousingloan.com

Request A Free Quotation From Us Today

Guaranteed Reply!!! – within 1 working days

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How To Calculate Stamp Duty – Stamp Duty Waiver For First-Time House Buyer 2023

How To Calculate Stamp Duty – Stamp Duty Waiver For First-Time House Buyer 2023

Lots of people talking about buying a house. But, one thing a home buyer should know is how much the stamp duty will cost when buying a new house.

Today, we’re going to share the simple calculation of stamp duty and also the stamp duty waiver for first-time house buyer.

HOW TO CALCULATE STAMP DUTY?

Here is the stamp duty scale.

2023 STAMP DUTY SCALE

Stamp duty Fee 1% : For First RM100,000

Stamp duty Fee 2% : RM100,001 To RM500,000

Stamp duty Fee 3% : RM500,001 and RM1,000,000

Stamp duty Fee 4% : >RM1,000,000

We will show how simple the calculation for easy understanding.

For example, if you’re buying a house amounting RM300,000.The total stamp duty is :-

Stamp duty Fee 1% : For First RM100,000 = RM1000.00

Stamp duty Fee 2% : RM100,001 To RM300,000 = RM4,000.00

Total stamp duty have to pay is RM5,000.00

So this is total stamp duty, you can add legal fees, disbursement fees, valuation fees and other fees to estimate how much the cost of buying the house.

A good news for First-Time House buyer! Woohoo!

With the generosity of Malaysian Government and to increase the purchasing house for first-time house buyer, the government had implemented a stamp duty exemption started 2021 until 31st December 2025.

Criteria For First-Time House Buyer Stamp Duty Waiver:

Must be first-time house buyer. Never buy a house before and never inherited any property.

Stamp duty exemption is capped at RM500,000 on the property market value and loan amount.

The house below RM500,000 don’t need to pay Stamp Duty?

Now, we’re going to give you a second example.

Let’s said, using the same example, based on RM300,000 purchase price.

Stamp duty Fee 1% : For First RM100,000 = RM1000.00

Stamp duty Fee 2% : RM100,001 To RM300,000 = RM4,000.00

Total stamp duty have to pay is RM5,000.00

Due to, for first-time house buyer there is an exemption of Stamp Duty for property less than RM500,000, therefore you’re not required to pay anything.

How about for Purchase Price RM400,000?

Okay for the third example, if the Purchase Price is RM400,000.00.

The Actual Calculation of Stamp Duty is ( before first-time house buyer stamp duty exemption):-

Stamp duty Fee 1% : For First RM100,000 = RM1000

Stamp duty Fee 2% : RM100,001 To RM400,000 = RM6000

Total stamp duty have to pay is RM7,000.00

And because of the first-time house buyer stamp duty exemption, you can apply for the stamp duty exemption.

More Good News! Stamp Duty Exemption For Loan Agreement Stamp Duty!!

Yes, not only the exemption applies to Property transfer stamp duty but also to Loan Agreement Stamp Duty. Is that good or what!!

How To Calculate Loan Agreement Stamp Duty?

It’s actually quite simple to calculate Loan Agreement Stamp Duty. There are no scale fees, it’s a flat rate of 0.50% from the Total Loan Amount.

For Example,

If the loan amount is RM500,000.

The Loan Agreement Stamp Duty will be RM500,000 x 0.50% = RM2500.00

And if you’re first-time house buyer, this RM1500 will be exempted. Meaning, you’ll pay ZERO!

Another Example,

How about if the loan amount is RM400,000.

The Loan Agreement Stamp Duty will be RM400,000 x 0.50% = RM2000.00

And again, if you’re first-time house buyer, you can apply for the stamp duty exemption.

Do You Realise How Much Saving You Get??

Let’s do a calculation based on RM500,000 Purchase Price And Loan Amount RM450,000 ( margin of finance 90%) to see how much First-time House Buyer can save $$ on their Stamp Duty.

For Property Price of RM500,000

The Actual Calculation of Stamp Duty is ( before first-time house buyer stamp duty exemption) :-

Stamp duty Fee 1% : For First RM100,000 = RM1000

Stamp duty Fee 2% : RM100,001 To RM500,000 = RM8000

Total stamp duty have to pay is RM9,000.00

After first-time house buyer stamp duty exemption : RM9000-RM9000= RM0.00 ( Stamp Duty to pay)

Saving Amount : RM9000.00

For Loan Amount : RM450,000

The Actual Calculation of Stamp Duty is ( before first-time house buyer stamp duty exemption) :-

RM450,000 x 0.50% = RM2250.00

You can apply for the stamp duty exemption.

Saving Amount : RM2250.00

As a property investor, it is best if you can optimize the opportunity and investment toward buying a house. This exemption will have an end date, so grab this opportunity fast.

If you think this is helpful, feel free to share it with all your friends and family on all the social media platform.

For more Home Loan information and enquiry, please call/ Whatsapp us at +6012-6946746

or visit our website www.malaysiahousingloan.com

Request A Free Quotation From Us Today

Guaranteed Reply!!! – within 1 working days

Quotation For

SALE AND PURCHASE AGREEMENT MALAYSIA

LOAN AGREEMENT MALAYSIA

TRANSFER OF PROPERTY MALAYSIA

TRANSFER OF PROPERTY BY LOVE AND AFFECTION MALAYSIA

AUCTION PROPERTY MALAYSIA

SELLER QUOTATION FOR SUB SALE PROPERTY MALAYSIA

Don’t worry, we will definitely get back to you!

FILL UP THE FORM TODAY

***( For This Moment, The Quotation Services Only Available For Property in Kuala Lumpur , Putrajaya , Cyberjaya , Selangor , Johor , Penang, Kedah , Melaka , Negeri Sembilan , Pahang & Perak )

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