Faq Group

Investments

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

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

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…

How much is the Real Property Gains Tax (RPGT) when selling a property?

How much is the Real Property Gains Tax (RPGT) when selling a property?

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…

How much is the Legal Fees Payable when Buying a Property?

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…

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