TRANSFER OF PROPERTIES IN 2019
A) Stamp Duty Rates (For Transfer of Real Property)
Stamp Duty from 1st July 2019 onward:-
Price / Market Value (Whichever is higher) Rate of Stamp Duty
First RM 100,000.00 1%
RM 100,001.00 to RM 500,000.00 2%
RM 500,001.00 ro RM 1,000,000.00 3%
RM 1,000,001.00 and above 4%
B) Stamp Duty Rates (For Loan Agreement)
The rate of Stamp Duty chargeable on Loan Agreementis 0.5% on the total Loan Agreement.
Example: Loan Amount RM 700,000.00 x 0.5% = RM 3,500.00.
C) Stamp Duty Rebate ( For Owner of First Residential House)
You are eligible for the following Rebates / Exemptions if :-
- If you purchasing a residential house only ( landed House, condominium, Apartments or Flat )
- You are a Malaysian citizen who have yet to own any residential property, including by way of heritance, or gifts (individually or jointly) (e.g. not buy or sell property before, not receive property from any third party as gift, not lend your name to purchase property before).
D) Real Property Gain Tax (RPGT)
RPGT Retenion Rate:
* 3% for Malaysian
* 7% for Foreigner
RPGT Rate in 2019
Malaysian Non-Malaysian
or Permanent or Non-Permanent
Residents Residents
Period of Disposal ( Individual ) ( Individual ) Company
Within 3 years 30 % 30 % 30 %
In the 4th year 20 % 30 % 20 %
In the 5th year 15 % 30 % 15 %
6th year & thereafter 5 % 10 % 10 %
Nonetheless :
* Exemption of property of RM 200,000.00 or below: Malaysian citizens would be exempted from RPGT on gains arising from their sale of property made in the 6th year and onwards if the selling price is less than RM 200,000.00 or lesser.
* Life-Time Exemption : The RPGT Life-Time Exemption is still applicable whreby one seller has the option to use this RPGT waiver for residential property, for ONE time only.