|
 |
| |
 Stamp Duty on Transfers
All transfers of property attract stamp duty regardless whether the acquirer gives consideration for the transfer or not. Usually, acquirers of property pay money for the acquisition. But sometimes the acquisition may be way of gift.
| Value of Property | Rate of Stamp | | Up to RM 100,000 | 1% | | From RM 100,001 to RM 500,000 | 2% | | From RM 500,001 onwards | 3% |
Stamp Duty on Charges
A charge on property is an instrument created by statue, namely the NLC. It affords the Chargee a security for loan granted to the Chargor over the property charged.
Stamp duty is calculated at the rate of about 0.5% of the loan amount.
Stamp Duty on Leases and Tenancy Agreements
First, calculate the total rent for one year. Then, take away RM 2,400 from that total rent, because the first RM 2,400 is free from stamp duty.
Next, calculate the stamp duty payable based on the following table:
| When the Lease is for a period | | Not exceeding one year | Exceeding one but not exceeding 3 years | Exceeding 3 years | | For every RM 250 | 1.00 | 2.00 | 4.00 |
|
|
|
|
