FAQ

FAQ


Frequently Asked Questions.

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

Stamp Duty Computation for 1 year tenancy:  (monthly rent x 12 – 2400) / 250

For example if the monthly rental is RM8,000: (8000 x 12 – 2400) / 250 = RM374.40

 

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

For example if the monthly rental is RM 8,000: 2 x (8000 x 12 – 2400) / 250 = RM 748.80

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

PROPOSED BUDGET 2020:-

In response to the public view regarding the Real Property Gain Tax (RPGT) imposed on disposal of properties by Malaysian citizens and permanent residents after 5 years onwards, the Government will improve RPGT treatment by revising the base year for asset acquisition at 1 January 2013 for asset acquired before 1 January 2013 as compared to the previous base year of 1 January 2000.

Dated:  18 October 2019

Extracted from hasil.gov.my

E & EO

 

With effect from 1 January 2019:-

Malaysian

Individual

Malaysian Company Non-Malaysian
Disposed within 3 years 30% 30% 30%
Disposed in 4th year 20% 20% 30%
Disposed in 5th year 15% 15% 30%
Disposed after 5 years and above 5% 10% 10%

Note:  Every Malaysian is entitled to one off waiver of RPGT.

 

Dated: 2 November 2018

Extracted from hasil.gov.my

E & OE

 

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 Non-Malaysians buying a property in Malaysia?

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.

 

 

 

How much is the Agency Fee payable when selling a property?

The seller pays a maximum of 3% of the purchase price as Agency Fee.  Agency fee is subject to 6% SST.

How much is the Agent Fee payable when renting a property?

When renting a property, the Landlord pays one month rental as agency fee.  Agency fee is subject to 6% SST.

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

With effect from 1 January 2019,

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 the next RM500,000, the stamp duty payable is 3%
  • For any sum exceeding RM1,000,000, the stamp duty payable is 4%.

 

For instance, if your purchase price is RM1,300,000.   The calculation is as follows:

Total stamp duty payable:

(RM100,000 X 1%) + (RM 400,000 X 2%) + (500,000 X 3%) + (300,000 X 4%) = RM36,000.

 

Dated: 2 NOVEMBER 2018

Extracted from hasil.gov.my

E & OE