Stamp Duty Exemptions from 2022 to 2023 in Malaysia
Updated: Jul 30
Recently, the Malaysian government announced another new and extended round of stamp duty exemptions to run from 1st June 2022 to December 2023.
Under the Keluarga Malaysia Home Ownership Initiative (i-MILIKI), first-time homebuyers will get a stamp duty exemption on the instrument of transfer (sales and purchase agreement) and loan agreement. Residential properties and houses valued at RM500,000 and below will get a 100% exemption, while properties over RM500,000 to RM1mil will get 50%.
Watch on YouTube about this stamp duty exemption and how to calculate the stamp duty for the sales & purchase agreement and loan agreement.