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Stamp Duty

When a property is transferred, the transferee must pay Stamp Duty. The Stamp Duty is based on the price for the property or its market value, whichever is the higher.

This is provided for under the First Schedule to the Stamp Act, 1949 (as amended). The duty is calculated as follows:

For every RM100 or fractional part of RM100 of the contract price or the market value of the property, whichever shall be greater –

(i) 1% on the first RM100,000.00;

(ii) 2% on any amount in excess of theRM100,000 but not exceeding RM500,000

(iii) 3% on any amount in excess of RM500,000.

(iv) 4% for amount excess of  2,000,000.00

For example, the stamp duty on a Memorandum of Transfer for a property worth RM600,000 is calculated as follows:-

1st RM100,000 ==> 1% x RM100,000 = RM1,000

2nd RM400,000 ==> 2% x RM400,000 = RM8,000

Balance RM100,000 ==> 3% x RM100,000 = RM3,000


Loan Agreement Stamp Duty Rates:
Any Amount = 0.5%

(As updated on 01/01/2010)

The authority for the administration, computation and collection of the duty is the Inland Revenue Board (IRB).



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