First house 50% stamp duty, Stamp duty
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 Dec 18 2016, 05:19 PM, updated 9y ago
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#1
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Junior Member
145 posts Joined: May 2013 
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"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 |
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Dec 22 2016, 06:31 PM
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#2
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Junior Member
145 posts Joined: May 2013
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QUOTE(jason1986 @ Dec 22 2016, 02:57 PM) This is not correct. The exemption for 2017 onwards is only applicable to properties valued at 300k and below. Just checked on my SPA,it is under Schedule H 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.   That means for im not entitle for this remission for sure? |
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