Stamp duty self assessment needs stronger valuation safeguards
Malaysia’s introduction of the stamp duty self‑assessment system marks an important step towards modernising tax administration.
Glomac CEO urges deferment of 4% stamp duty on foreign buyers as property, construction sectors not back in 'era of stability'
Datuk Seri Fateh Iskandar Mansor said it is not the best time for the government to implement such measures as the local property market is slowly recovering from the Covid-19 pandemic and headwinds from rising inflationary pressures.
REHDA: i-Miliki exemptions should be provided to all Malaysians, not just first-time homeowners
With i-Miliki, an initiative under Putrajaya’s Home Ownership Programme 2022/2023 or HOPE, first-time purchasers of homes priced RM500,000 and below will be fully exempted from paying the stamp duties on the Memorandum of Transfer (MOT) and loan agreement, while first-time purchasers of residential units priced above RM500,000 up to RM1 million will receive 75% remittance on the two stamp duties.
Govt extends stamp duty exemption for first-time homebuyers — MOF
A 100% stamp duty exemption is given to first-time homebuyers to purchase homes priced not more than RM500,000, while a 75% stamp duty exemption is given to those buying houses priced between RM500,001 and RM1 million, the ministry said.
The REAL deal: Is Singapore property tax hike a boon for Malaysia?
The latest ABSD increase hits foreigners most with the doubling of the rate to 60%.
New govt voices support for stamp duty exemptions given to first-time home buyers
The 100% waiver was announced in July by the previous administration and is valid until Dec 31, 2025.
Stamp duty remission increases to 75% for properties priced RM500,000 to RM1 mil
Meanwhile, the government has proposed a stamp duty fee of RM10 on transfers of property by way of love and affection between family members, such as husband to wife, father to child, or grandfather to grandson.
Victoria state govt offers developers relief on stamp duty
MELBOURNE (May 23): Victoria state government will waive stamp duty on newly completed homes that have been unsold for a year or more and from July it will extend the stamp duty concession to new off-the-plan purchases worth up to A$1 million (RM3.
Budget 2021: Stamp duty exemption only an extension of previous years' budget, says Affin Hwang
PETALING JAYA (Nov 9): The extension of the stamp duty exemptions for instrument of transfer and loan agreement for first-time home purchase priced up to RM500,000 to 2025 is only an extension of the stamp duty exemptions provided in Budget 2019-20, says Affin Hwang Capital senior associate director, equity research Loong Chee Wei.
Budget 2021: Industry feedback on stamp duty exemption for abandoned projects
KUALA LUMPUR (Nov 6): The government has announced that the stamp duty exemption on loan agreements and instruments of transfer given to rescuing contractors and the original house purchasers will be extended for another five years.
