The exemption from stamp duty for annual rentals not exceeding RM2,400 has been removed for tenancy agreements effective from January 1, 2025. Therefore, this RM2,400 exemption is no longer a factor in stamp duty calculations for new agreements from that date onwards. Stamp Duty Computation for 1 year tenancy: (monthly rent x 12) / 250…
Faq Group
Investments
TAX RATE FOR YEAR OF ASSESSMENT 2020 REAL PROPERTY GAINS TAX (RPGT) RATES The RPGT Rates is as set out in Schedule 5 of the RPGT Act as follows: DISPOSAL PERIOD TAX RATE FOR YEAR OF ASSESSMENT 2020 PART I PART II PART III Other than Part II and Part III [eg: individual, partnership, executor…
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…
PROPOSED BUDGET 2020:- To reduce supply of overhang condominiums and apartments, the Government proposes to lower the threshold on high rise property prices in urban areas for foreign ownership from RM1 million to RM600,000 effective 2020.