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Client Question: Me & my wife plan to buy a property at BM, Penang, with price 435k , she is a 1st-time buyer but not for me, will entitle stamp duty exemption? Answer: Yes, there is. If the property value is RM435,000. You can apply for the stamp duty exemption Request your SPA lawyer [...]
Stamp Duty When Buying A House 2023 Buying a house has been unequivocally one of the hottest topics that being discussed by Malaysian. Most Malaysian are hopeful to at least own a house one day. But, how many of us know the process of buying a house? To be honest, it can be a [...]
Stamp Duty Waiver For First-Time House Buyer We're about to welcome 2023 in less than one-month time. And 2023 is going to be an exciting year for property market because some expert said the property market is crushing next year and some said it won't. Regardless which, we want you to prepare for the [...]
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 [...]
Question: Stamp Duty (Remission) Order 2014 provides for the remission of 50% from the stamp duty chargeable on any loan agreement to finance the purchase of only one unit of residential property costing not more than RM500,000, subject to the stipulated conditions. and this order came into effect on 1 Jan 2015, and are [...]
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 [...]
Home Loan Question & AnswerClient Question :Hi,I would like to know if I’m buying auction house did I still can get the exemption for stamp duty?MHL Answer:Hi, Thanks for your question and it is an excellent question.If you're a first-time house buyer and buying an auction property, the answer is No.The exemption only applies to [...]
Home Loan Question & AnswerClient 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 [...]
If you're going to buy a house after 1st July 2019, I'd suggest reading till the end of the article. There are a few Stamp Duty Exemption will be ended by 30th June 2019. And there are a few will be started effective 1st July 2019. So, let's talk about the one that will [...]
Client Question: Is it true that the transfer of ownership has to be done after five years of staying in the property? How much is the stamp duty? MHL Answer: Once the property completed, the transfer of ownership can be done. However, there is a specific house like under 1Malaysia People’s Housing (PR1MA) program [...]
