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
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
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.
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