Is first-time house buyer buying RM450,000 property price entitles for stamp duty exemption?
Is first-time house buyer buying RM450,000 property price entitles for stamp duty exemption?
Client Question:
Hi, If I buy property price 450k SUB SALE first timer. Am I entitle for the exemption of stamp duty?
MHL Answer:
This year there is two stamp duty exemption for a first-time house buyer.
The difference between these two exemptions is the property price.
The first exemption.
1. If you buy a house and stamp the Sale and Purchase Agreement between 1st January 2021 to end of 2025
2. Property price or property market value must be below RM500,000.
If exceeded, you’re not entitled.
Please do take note that if your property price is RM500,000 and Property value is RM550,000. You will not entitle for the first exemption.
The second exemption.
1. If you buy a house and stamp the Sale and Purchase Agreement between 1st January 2021 to end of 2025
2. Property price or property market value must be below RM500,000.
If exceeded, you’re not entitled.
And if your property price is RM500,000 and Property value is RM550,000. You will not entitle for the second exemption.
So, back to your question.
It will depend on when do you purchase the property.
If you buy it between 1st January 2021 to end of 2025, then you can apply for the stamp duty exemption.
Even though you’re entitled, you are required to apply for the exemption. Therefore, please remind your lawyer to make the necessary submission to the stamp office.
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 )
Terima kasih kerana membaca artikel ini. Kami menyediakan konsultasi dalam talian PERCUMA kepada semua pelawat kami. Jika anda memerlukan bantuan mengenai topik seperti Pembiayaan semula, MEMBELI RUMAH, PEMINDAHAN HARTANAH, INSURANS PINJAMAN, YURAN PEGUAM, DUTI SETEM, Perjanjian Jual Beli (SPA), Memorandum Pemindahan (MOT), Penyempurnaan Pemindahan (POT), Penyempurnaan Cagaran (POC), dan Sebut Harga Pinjaman, kami boleh membantu anda. Beritahu sahaja dengan menghubungi atau WhatsApp kami di +6012-6946746. (berbual dengan Encik David)
Konsultan Pinjaman Rumah,
Melissa Lee.
