FAQ

Frequently Asked Questions.

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Agent fees
Investments

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?

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 of the estate of a deceased person who is a citizen or a permanent resident]	Company incorporated in Malaysia or trustee of a trust [eg: company, co-operative, association, society and organisation]	Individual who is not a citizen and not a permanent resident, or an executor of the estate of a deceased person who is not citizen and not a permanent resident, or a company not incorporated in Malaysia.
Disposal within 3 years after the date of acquisition	30%	30%	30%
Disposal in the 4th year after the date of acquisition	20%	20%	30%
Disposal in the 5th year after the date of acquisition	15%	15%	30%
Disposal in the 6th year after the date of acquisition	5%	10%	10%

Extracted from hasil.gov.my

Wed, 24 Mac 2021

E & EO

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

FAQ

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

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

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 of the estate of a deceased person who is a citizen or a permanent resident]

Company incorporated in Malaysia or trustee of a trust

[eg: company, co-operative, association, society and organisation]

Individual who is not a citizen and not a permanent resident, or an executor of the estate of a deceased person who is not citizen and not a permanent resident, or a company not incorporated in Malaysia.

Disposal within 3 years after the date of acquisition

30%

30%

30%

Disposal in the 4th year after the date of acquisition

20%

20%

30%

Disposal in the 5th year after the date of acquisition

15%

15%

30%

Disposal in the 6th year after the date of acquisition

5%

10%

10%

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

Are there any rules for Non-Malaysians buying a property in Malaysia?

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

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

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

Other than Part II and Part III

[eg: individual, partnership, executor of the estate of a deceased person who is a citizen or a permanent resident]