Home Loan Question & Answer

Client Question :
1) I bought a property since last year December, and I am a first-time buyer. Am I qualify to apply for the stamp duty exemption?
2) If yes, what should I do & where can I apply this?

MHL Answer:
Hi, Thanks for your questions.
If you bought a property in the Year 2018, you should refer to 2018 Stamp Duty Exemption for a first-time house buyer.

Stamp Duty Exemption Link: http://www.hasil.gov.my/bt_goindex.php?bt_kump=5&bt_skum=5&bt_posi=1&bt_unit=1&bt_sequ=8

* Click Tahun 2016 – Perintah Duti Setem (Peremitan)
( For the Year 2017 & 2018 Stamp Duty Exemption)

I assume you have signed and stamped the Sale and Purchase Agreement latest by 31st December 2018.

If you do, according to the 2018 Stamp Duty exemption criteria.

The property price or property market value must be below RM500,000. If exceeded, you’re not entitled.

For example, if your property price is RM500,000 and Property value is RM550,000. You will not entitle for the exemption.

The stamp duty exemption is for the first RM300,000 of the stamp duty, or max RM5000.

Another important note is to inform your SNP lawyer to apply for your Stamp Duty Exemption.

You are required to fill and sign a “Surat Akuan.” And your lawyer should submit it for you. If you don’t apply for the stamp duty exemption, you’ll not get it. So, talk to your lawyer.

Thanks.

Melissa Lee????
Online Mortgage Consultant
012-6946746 (David)
www.malaysiahousingloan.net

#malaysiahousingloan

Melissa Lee
Online Mortgage Consultant
012-6946746 (David)
www.malaysiahousingloan.net

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