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Stamp Duty – Malaysia Property and Real Estate

Stamp Duty

An instrument may be stamped within 30 days of its execution if executed within Malaysia or within 30 days after it has been first received in Malaysia if it has been executed outside Malaysia.
If it is not stamped within the period stipulated, a penalty of

• RM25.00 or 5% of the deficient duty, whichever is the greater, if stamped within 3 months after the time for stamping;

• RM50.00 or 10% of the deficient duty, whichever is the greater, if stamped after 3 months but not later than 6 months after the time for stamping;

• RM100.00 or 20% of the deficient duty, whichever is the greater, if stamped after 6 months from the time for stamping;

 

Malaysia Property Rates – Stamp Duty

Conveyance, Assignment and Transfer of Sale

Stamp Duty Payable

For every RM100 or fractional part of RM100 of the amount of the money value of the consideration or the market value of the property, whichever is the greater-

 RM1 on the first RM100,000
 RM2 on any amount in excess of RM100,000 but not exceeding RM500,000
 RM3 on any amount in excess of RM500,000

For example, the stamp duty on a Memorandum of Transfer for a property value-
RM500,000

• RM1 X RM100,000/RM100 = RM1,000
• RM2 X RM400,000/RM100 = RM8,000
• Total Stamp Duty Payable = RM9,000

RM1,000,000

• RM1 X RM100,000/RM100 = RM1,000
• RM2 X RM400,000/RM100 = RM8,000
• RM3 X RM500,000/RM100 = RM15,000
• Total Stamp Duty Payable = RM24,000

or

For the first RM100,000 – 1%
the next RM400,000 – 2%
above RM500,000 – 3%

Solicitor Remuneration / Legal Fee

Sale and Transfer

For the first RM150,000 – 1.0%
For the next RM850,000 – 0.7%
For the next RM2,000,000 – 0.6%
For the next RM2,000,000 – 0.5%
For the next RM2,500,000 – 0.4%

Where the consideration or adjudicated value is in excess of RM7,500,000 – Negotiable on the excess ( but shall not exceed 0.4% of such excess)

Stamp Duty - Malaysia Property and Real Estate