Stamp Duty Exemption

Full stamp duty exemption will be given to both instrument of transfer and loan agreement for the purchase of a first home worth not more than RM500,000. This exemption will be for the Sale and Purchase Agreement completed between January 2021 to 31 December 2025.

Based on the ruling, it's full exemption for the stamp duty on both instrument of transfer and loan agreement if your property price is RM500,000 and below.

That's a maximum of RM11,250 savings for first time buyer.

Home Ownership Campaign (HOC) 2020/2021 Stamp Duty Exemption

With the COVID-19 pandemic hitting Malaysian shores and bringing about the Movement Control Order (MCO), in order to help stimulate the economy once more and help the people where possible, The government has announced the Short-Term Economic Recovery Plan (PENJANA) on 5 June 2020.

In it, were two notable mentions of a stamp duty exemption, under the reintroduced Home Ownership Campaign (HOC) taking effect from June 2020:

1. Instruments of transfer and loan agreement for the purchase of residential homes priced between RM300,000 to RM2.5 million will enjoy a stamp duty exemption. This is subject to a minimum 10% discount by the developer, and an exemption on the instrument of transfer is limited to the first RM1 million of the property price.

2. A full stamp duty exemption is given on loan agreement effective for Sales and Purchase Agreements (SPA) signed between 1 June 2020 to 31 May 2021.

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