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 Stamp Duty, Inquiry on the charges for stamp duty

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peri peri
post Sep 15 2015, 09:30 AM

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so newbie agent once told me that loan doc stamp duty only rm10, i feel like flyingspagettikick him that time.
peri peri
post Sep 15 2015, 09:45 AM

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QUOTE(corleone74 @ Sep 15 2015, 09:44 AM)
the legal document stamping fee is only 10RM per set IIRC.
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there are stamp duty in loan doc by lawyer as well. not only rm10
peri peri
post Sep 15 2015, 09:57 AM

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QUOTE(corleone74 @ Sep 15 2015, 09:51 AM)
it's 0.05%.
SPA document stamp fee 10rm per set.

http://loanstreet.com.my/learning-centre/e...buying-property
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but mine is 0.5% hmm.gif
peri peri
post Sep 15 2015, 10:15 AM

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QUOTE(corleone74 @ Sep 15 2015, 10:03 AM)
sorry typo not enouff coffee in the morning paiseh  0.5% ! it's in the link

extract:

3b. Stamp Duty (on Loan)

Loan Amount Charge
Any Amount 0.500%
Note: As part of the Malaysian government's efforts to reduce the cost of ownership for first time home buyers, until 31 Dec 2014, for first time home buyers, there will be a 50% stamp duty discount on the instrument of transfer agreements and loan agreements for residential property purchases worth RM400,000 and below.

- See more at: http://loanstreet.com.my/learning-centre/e...h.7HLDbvA1.dpuf
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Ok, good info for new buyer. newbie agent should learn from here as well.
peri peri
post Sep 15 2015, 03:51 PM

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QUOTE(corleone74 @ Sep 15 2015, 01:02 PM)
the mortgage loan stamp duty seems kind of high in m'sia.
i just checked  and in singapore it's 0.4% cap at 500$ .

https://www.iras.gov.sg/IRASHome/Other-Taxe.../Mortgage-Duty/
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i redeemed most for 50% off, remains are all borne by developers
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