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 Budget 2021 MOT Exemption, Stamp Duty

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TShywon56 P
post Nov 19 2020, 10:26 AM, updated 6y ago

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Hi Sifus,

I am buying a sub-sale condo (less than 500k), I was planning to sign the SPA and everything soon till this budget 2021 come out on MOT waiver.

Scenario: first time home buyer, but previously inherited a house from my deceased relative.

Do I qualify for this scheme? I am considering to delay my purchase till next year January.




TShywon56 P
post Nov 19 2020, 10:38 AM

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QUOTE(electron @ Nov 19 2020, 10:28 AM)
If I'm not mistaken, the exemption is for new properties only
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I saw this article that it apply to both new and subsale.

https://www.iproperty.com.my/news/stamp-dut...wn-budget-2021/

They did not clarify does inherited property owner counted as first time buyer or not.

TShywon56 P
post Nov 20 2020, 10:46 AM

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Thanks guys for all your replies!

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