Dec 22 2016, 02:57 PM
QUOTE(tana067 @ Dec 19 2016, 08:53 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. 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
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.
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