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