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?

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?

Non Malaysians purchasing a property in Malaysia is subject to the minimum price established as follows.

Minimum purchase price in Wilayah Persekutuan (Federal Territory):  RM1,000,000

Minimum purchase price in Selangor:                                                            RM2,000,000

It is important to check before making any commitment, as the minimum purchase price is not standardized between states.

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