PETALING JAYA — The stamp duties on property sales and purchase agreements (SPA) for properties priced up to RM1 million and for loan agreements of up to RM2.5 million that come under the National Home Ownership Campaign 2019 (HOC 2019) will be waived, Finance Minister Lim Guan Eng announced today.…
Tag: stamp duty
Finance Ministry: Stamp duty exemption for first-time house buyers from Jan 1, 2019
PETALING JAYA — First-time homebuyers will be fully-exempted from paying stamp duty for properties up to RM1mil from Jan 1, says the Finance Ministry. Finance minister Lim Guan Eng said the move was primarily to increase home ownership as well as to stimulate the sluggish residential real estate market that…
Stamp Duty Increase for Properties Exceeding RM 1mil Now Effective July 1, 2019
KUALA LUMPUR — The increase of one percent in stamp duty for the instrument of transfer for property exceeding RM1 million to RM 2.5 million is now effective July 1, 2019. In a statement today, the Finance Ministry said the government would maintain the current stamp duty rate for six…