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 Nov 18 2010, 11:54 PM
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#1
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Junior Member
22 posts Joined: Jan 2003  
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hi, can u help me a bit about the stamp duty
may i know when is the 50% exemption on stamp duty being use? because i bought an apartment back in 2008 (signed S&P in july 2008 ), then this year im buying another house but then i didnt know if i have use that 50% exemption. how do i check the status besides calling my old lawyer? thanks |
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Nov 19 2010, 11:43 AM
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#2
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Junior Member
22 posts Joined: Jan 2003
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QUOTE Added on November 19, 2010, 2:08 am How much was the price of your previous property? The current position is that stamp duty for purchase of a residential property not exceeding RM250,000 is given a stamp duty exemption of 50%. The exemption is effective for S&Ps executed from 8 September 2007 to 31 December 2010. What was proposed in the 2011 Budget speech by the PM was: -50% stamp duty exemption will be given on S&Ps for residential properties with a price not exceeding RM350,000 -The exemption is granted on the first residential property purchased by Malaysian citizen and eligible to be claimed only ONCE within the exemption period. -Eligible for S&Ps executed from 1 January 2011 to 31 December 2012. If you were eligible, the Stamp Duty exemption for the 2008 apartment would've been calculated automatically when your previous solicitor sent the documentation for adjudication.  |
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