Pursuant to Stamp Act 1949, as amended by the Finance Act 2018 which came into effect from 01.01.2019, the rate of stamp duty payable for transfer of properties in Malaysia is calculated as follows, whether with monetary consideration (i.e. by way of sale and purchase) or without monetary consideration (i.e. by way of gift or love and affection).
|Consideration or Market Value of the Property||Scale Rate|
|RM100,001 to RM500,000||2%|
|RM500,001 to RM1,000,000||3%|
Stamp Duty Exemptions
Be that as it may, the government has made the following orders for stamp duty exemptions or remissions:-
- Stamp Duty (Remission) (No. 2) Order 2019 (P.U. (A) 369)
Remission of 50% of stamp duty chargeable on any instrument of transfer of immovable property between parents and child.
- Stamp Duty (Exemption) (No. 10) Order 2007 (P.U. (A) 420)
Full exemption of stamp duty chargeable on any instrument of transfer of immovable property between spouses.
- Stamp Duty (Exemption) Order 2021 (P.U.(A) 53/2021)
Full exemption of stamp duty chargeable on all instrument of transfer for the purchase of first residential homes valued up to RM500,000. The exemptions are applicable for sale and purchase agreements (SPAs) executed between 1 January 2021 and 31 December 2025.