FAQ
Frequently Asked Questions.
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
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
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
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.
The seller pays a maximum of 3% of the purchase price as Agency Fee. Agency fee is subject to 6% SST.
When renting a property, the Landlord pays one month rental as agency fee. Agency fee is subject to 6% SST.
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