"For first time house buyer, there is 50% rebate on stamp duty if your property price is less than RM500,000"

Hi all, currently im having a suite studio with commercial title.
If i buy another condo with 400k now,am i eligible for the 50% stamp duty rebate?

the suite or condo is consider as my first house ?

This post has been edited by isonic: Dec 18 2016, 05:36 PM

Should be not able to get as this is your second property.

For the 50% discount for 1st home buyer, have been amended to 100% fully exempted for the 1st RM300k, subsequent RM1 will be charged at 2% for the property below RM500K. Example if you buy RM400K property, your stamp duty will be 2K only (400K-300K)x2%. It will take effect from 1 Jan 2017. So everyone please hold this 2 weeks not to sign any SNP until 1 Jan 2017

This is not correct. The exemption for 2017 onwards is only applicable to properties valued at 300k and below.

As for whether TS is entitled to the currently remission of 50%, it depends on whether the property he currently own is residential or commercial.

TS can check on his SPA. If it is under Schedule H, then it will be classified as residential even if it is erected on a commercial land. If it is not, it is most likely commercial and assuming he has not used the exemption before and fulfills all other conditions, he can then use the remission now.

Just checked on my SPA,it is under Schedule H
That means for im not entitle for this remission for sure?

Please check it here:
https://www.crowehorwath.net/uploadedFiles/...e%20Horwath.pdf
For the 1st home buyer of residential property, page number 5:

Between RM300,001 and RM500,000
100% on the first RM300,000 and excess is subject to the prevailing rate of stamp duty.

Checked with lawyer, they are waiting for gazette now. Property below RM500K, 1st RM300K is stamp duty exempted.

Don simply comment if you're not sure.

If my loan is RM 360k, starting 1 Jan 2017

My payment will be RM 1,200?? (360k-300k)*2%

Please accept my apologies. I was basing it on PM's budget speech and what was reported in the news such as this: http://www.themalaymailonline.com/malaysia...ime-home-buyers which provides that it is limited to properties valued at 300k and below.

Guess will have to wait for the warta to be sure.

Thank you.

Above RM 500,001, pay as usual according to the old schedule?

Guys, above 500k, the first 300k stamp duty is not exempted anymore?

yeap.... never been discount or exempted

Need a information
Im buing a house which is 365k
So will i get 50% for the stampduty?

read the above comments and you will find the answer.

Hi there. So if let say im buying a property value of 600k. It will be 3% direct or what? Im confused

1st RM100K - 1%
Subsequent RM400K - 2%
Above RM500K - 3%

For property value of RM600K, stamp duty will be RM12K.