Stamp Duty on Sale Transaction / Tenancy

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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