Stamp Duty on Sale Transaction
|
House Value |
Stamp Duty Payable |
|
1st RM100,000.00 |
1% |
|
Next RM400,000.00 |
2% |
|
> RM500,000.00 |
3% |
For Example:
House Value = RM3,600,000.00
| 1st RM100,000.00 |
(1%) |
= RM |
1,000.00 |
| next RM400,000.00 |
(2%) |
= RM |
8,000.00 |
| next RM3,100,000.00 |
(3%) |
= RM |
93,000.00 |
| Total |
|
= RM |
102,000.00 |
Note: Stamp Duty shall be paid by Purchaser.
Stamp Duty on Tenancy
|
Rate of Stamp Duty |
|
|
|
|
|
< 1 year |
1 – 3 year |
> 3 year |
|
1st RM2,400.00 |
Nil |
Nil |
Nil |
|
Every RM250.00 |
1.00 |
2.00 |
4.00 |
Note: 1st RM2,400.00 is exempted
For Example:
Rental = RM2,000.00
Tenancy Period : 2 year + 1 year (option to renew)
Stamp Duty
{ ( RM2,000.00 x 12mth ) – RM2,400.00 } / 250
= RM86.40 (Round up to RM87.00)
For 2 years, then RM87.00 x 2 = RM174.00 (For 1st Copy of Tenancy Agreement)
For 2nd copy of the Tenancy Agreement, the fixed duty is RM10.00
So, the Total Stamp Duty shall be paid by the Tenant is RM184.00
|
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