Property Stamp Duty 2020

Client Question:
A property SPA was signed in May 2019 and purchased price RM2.555mio, how much will be the amount of Stamp Duty for MOT?
(Not under Home Ownership Campaign – HOC)

Answer:
If there is exemption the stamp duty is RM71,200.00 and if there is no exemption the stamp duty is RM86,200.00.

Whether there is an exemption or not depends on the MOT stamping date and NOT the SPA date.

According to the gazette, the exemption of Stamp duty will be based on MOT Stamping Date. NOT the SPA date.

Stamp Duty Calculation Without Exemption :
For the first RM100,000, 1% : RM1000
From RM100,001 to RM500,000, 2% : RM 8000
From RM500,001 to RM1mio, 3% : RM15,000
Subsequent amount is 4% : RM62,200
Total : RM86,200

Stamp Duty Calculation With Exemption :
For the first RM100,000, 1% : RM1000
From RM100,001 to RM500,000, 2% : RM 8000
From RM500,001 to RM1mio, 3% : RM15,000
From RM1,000,001 to RM1.5mio, % : RM 45,000
Subsequent amount is 4% : RM2200
Total : RM71,200

#malaysiahousingloan

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

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