FAQ

FAQ


Frequently Asked Questions.

How much is the Stamp Duty payable when renting a property?

Stamp Duty Computation (2 years tenancy): 2 x (monthly rent x 12 – 2400) / 250

For example if the monthly rental is RM 8,000: 2 x (8000 – 2400) /250 = RM 748.80

How much is the Real Property Gains Tax (RPGT)?
Malaysian Non-Malaysian
Disposed within 3 years 30% 30%
Disposed in 4th year 20% 30%
Disposed in 5th year 15% 30%
Disposed after 5 years 0% 5%
How much is the Legal Fees Payable when Buying a Property?

The legal fees payable to a lawyer acting for you when you buy a property is calculated based on the purchase price as follows:

  • For the first RM150,000, the legal fees payable is 1%
  • For the next RM850,000, the legal fees payable is 0.7%
  • For the next RM2,000,000, the legal fees payable is 0.6%
  • For the next RM2,000,000, the legal fees payable is 0.5%
  • For the next RM2,500,000, the legal fees payable is 0.4%
  • For the remaining, if any, negotiable

For instance, if the purchase price is RM1,000,000. The calculation is as follows:

Total legal fees payable: (RM150,000 X 1%) + (RM850,000 X 0.7%) = RM 7,450.00

Are there any rules for foreigners buying a property in Malaysia?

Any foreigner may purchase any number of residential properties in Malaysia, subject to the minimum price established for foreigners by the different states. It is important to check state laws before making any commitment, as the minimum purchase price is not standardized between states.

List of minimum price for purchase a property

How much is the Agent Commission when selling a property?

When selling a property, the seller pays 2% of the purchasing price as commission.

How much is the Agent Commission when a property is rented out?

When renting a property, the Landlord pays one month rental as commission.

How much is the Stamp Duty payable when purchasing a property?

A purchaser of a property has to pay stamp duty to the Malaysian Government when he buys a property.

How to calculate the stamp duty payable?

  • For the first RM100,000, the stamp duty payable is 1%
  • For the next RM400,000, the stamp duty payable is 2%
  • For any sum exceeding RM500,000, the stamp duty payable is 3%.

For instance, if your purchase price is RM1,000,000. The calculation is as follows:

Total stamp duty payable:

(RM100,000 X 1%) + (RM 400,000 + 2%) + (500,000 X 3%) = RM24,000.