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

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

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

 

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