Frequently Asked Questions.
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
|Disposed within 3 years||30%||30%|
|Disposed in 4th year||20%||30%|
|Disposed in 5th year||15%||30%|
|Disposed after 5 years||0%||5%|
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
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.
When selling a property, the seller pays 2% of the purchasing price as commission.
When renting a property, the Landlord pays one month rental as commission.
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.