Malaysia Real Estate

charlie82 · Joined: 13 Nov 2007 Posts: 9

Is it true that the stamp duty will be reduced by half beginning next year?
That has quite an impact! Rite?
If yes means it is better to wait till next year to sign S&P for property, right? Stamp duty only take effective when S&P is signed or after signing the agreement with property agent?
Cheers!

dagast · Joined: 22 May 2007 Posts: 15

I bought a property recently and my lawyer told me that it started this year right after the announcement of budget 2008. This only entitle for properties under RM 250K.

kenneth78 · Joined: 23 Oct 2007 Posts: 3

I just got the stamp duty bill from LHDN is no discount 50% for my rm235k property. The lawyer told me will effective on Jan 2008.
But after i called to LHDN officer clarify that alrdy effective on Sept 2007.

I really confusing on this and do need help from you guys.

Andee_Xander · Joined: 31 Oct 2007 Posts: 18 Location: Malaysia

Hi all,
My loan for RM230K apartment has just been approved last week. Property is Master Title.

Am I eligible for 50% Stamp Duty discount or not? (I'm 1st house buyer)

What if the lawyer said, not gazetted yet?

URGENT!!

Thank you Smile

Andee Xander
019-366 3031

fairyking · Joined: 03 Jan 2008 Posts: 1

bobmali · Joined: 18 Oct 2007 Posts: 9

I bought my 1st house and signed the S&P in 1998. As the developer was PKNS, where it was a norm for them to take ages to get the MOT done, my MOT will only be executed this month.

Do I entitled for the 50% discount for MOT stamp duty?
My lawyer said that the discount is based on the S&P agreement date and since my S&P was signed well before the Sept 2007 effective date, I am not entitled for the 50%.

Ritz Crackers · Joined: 28 Jun 2005 Posts: 128

the exemption has been gazetted vide
Stamp Duty (Remission) (No.3) Order 2007 - P.U. (A) 402

Condition to be eligible for exemption:
Residential Property less than RM250,000
SPA or instrument of transfer signed between 8 Sep 2007 to 21 Dec 2010
first property bought by one person (one person can claim once in his life time only)
To get the exemption, you need to sign a Statutory Declaration provided by the Stamp Duty Department
_________________

私は弱い時にこそ強いからです
Garden of Ritz

josepheng88 · Joined: 04 Jan 2008 Posts: 8 Location: KL, BM

hi Ritz Crackers,

thx for sharing, will ask my lawyer to refer to this circular coz when i ask her this question, she can't answer me Crying or Very sad

i wonder where can i get a copy of this circular? I went to our bar council website but failed to find it Sad

any suggestion Rolling Eyes

hunky · Joined: 08 Dec 2007 Posts: 20

general_hoho · Joined: 06 May 2008 Posts: 28

Hi, what if house priced 300K? can get any discount at all? tq

okhui26 · Joined: 27 Sep 2005 Posts: 40 Location: Section 17, PJ

Hi there,

If 2 person share to buy the property, one of them is the 1st time buyer, still can get the 50% discount?

Hope to hear you soon. Thank you.

expired · Joined: 14 Jun 2008 Posts: 38

wat about if one person bought 1st property n sold it and buy another one , can still claimt the discount?
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I m noob in property

yewkhuay · Joined: 11 Nov 2006 Posts: 74

my lawyer say the discount is applicable for buying direct from developer and it has to be 1st time buying house, is it true?
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Have a nice day!!!

cheef · Joined: 21 Aug 2008 Posts: 5

if you buy from dev, no stamp duty is payable yet...cause the title isnt out...

the discount is strictly for stamp duty on transfer for prop below 250k. even if its 250001, you would not be entitled...

stamp duty on loan isnt stamp duty on transfer...so you have to pay full stamp duty for the facility
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..cheefsphotojournal.blogspot.com

bujerona · Joined: 30 Aug 2008 Posts: 1

[quote="cheef"]if you buy from dev, no stamp duty is payable yet...cause the title isnt out...

is this true?