Hi All Sifu,

As know the 2008 bugdet announcement that properties under 250k will discount 50% for stamp duty .

Do anyone know is this effective immediately or year 2008?

Bcoz banker told me effective on the announced date but legal firm told the different.

i suppose it is effective on 2008 onwards.

Is the gazette out?

History has proven that it is prudent to make major decisions only after one has seen the gazette.

I'm in the process of buying a house and the stamp duty already given discount of 50%. The proposal is effective for sale and purchase agreements executed from Sept 8, 2007, to Dec 31, 2010.

To Ju-On, I think you need to change your lawyer.

Thanks All.
Is anyone know which department that i can call to verify this issue.

You can call LHDN to clarify it. that's what my lawyer told me.

guys... the 50% dicount if the fees for title transfer rite only? or loan stamp duty as well?

I was told by my lawyer as well. The 50% is not effetive yet. She said the Housing Kementerian haven't issue official MOT letter yet.

The lawyer said, she will write rayuan letter once the MOT letter is out to Housing Kementerian.

You should call LHDN or Housing Kementerian?

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Added on January 18, 2008, 3:50 pmThis is the feedback I received from LHDN today.

Tuan/puan,

Emel tuan/puan bertarikh 16 Januari 2008 dirujuk.Terima kasih diatas e-mel tuan/puan.

Harap maklum pengecualian duti setem diberi sebanyak 50 % kepada setiap individu ke atas pembelian rumah kediaman yang berharga tidak melebihi RM 250000.00 yang diumumkan dalam Bajet 2008 telah berkuatkuasa serta-merta (mulai sekarang) di LHDNM walaupun warta belum dikeluarkan oleh Menteri Kewangan.

Untuk sebarang pertanyaan yang selanjutnya sila hubungi mana-mana cawangan LHDNM (Unit Duti Setem) yang berhampiran.


Sekian, terima kasih.

Yew Swee Choo
Pusat Khidmat Pelanggan
JabatanPemprosesan
b/p Ketua Pegawai Eksekutif/Ketua Pengarah Hasil Dalam Negeri
Lembaga Hasil Dalam Negeri Malaysia .
YSC 039/18.01.2008


This post has been edited by wongck: Jan 18 2008, 03:50 PM

i buying my 1st house at 240k in puchong..so how much should i pay for the stamp duty?

@hanif444,
And wouldn't the developer or ur lawyers be able to give u more accurate information than us?

i buying 2nd hand house..so far i dun trust on my property agent..i need to know more detail..

@hanif444,
Am afraid I don't know what the answer to ur question is - let's hope other forumers be able to help. Also, I thought the 50% discount is onli applicable to first house purchase.

50% discount applicable to 1 house per person, doesnt matter new or second hand house and its for a limited time only.
from my experience, by default they wont give you the 50% discount, you have to ask your lawyer to write to the tax office.

RM250k can't buy much here in KL - what for want to implement such stuff?! *ish* Onli benefit those who's staying in the outskirts

250k..low cost house,apartment even condo...

@hanif444,
It's not impossible, just difficult! *ugh*

ok..it true...

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Added on June 3, 2008, 4:36 pm

so anyone can help me on this?Or any lawyer has done 50% stamp duty for buyer here?Might share the contact with me?

Just pm me..thanks alots...

This post has been edited by hanif444: Jun 3 2008, 04:36 PM

I bought my house cost RM213k. 50% stamp duty is waived by gov. My developer absorb the rest 50%. Total I paid RM840 to my lawyer. I just signed the legal documentation last monday.

To TS, yes the 50% stamp duty waiver already applicable

hi ronald,want me intro my lawyer to you?
since u dont trust the property agent, better SPA dont folo his/her lawyer =)

we discuss more tomolo okies..

hi all... need some advise here...

im a 1st time buyer, house price at 177K, my lawyer charging me at RM5000++ , i think its a bit expensive, (dont u all think so?) he told me thrs no disc for stamp duty property above 150k, somemore im suppose to meet him another 2 days to sign snp.. wht should i do now? change lawyer? but he had become my witness during my 5k downpayment to the vendor and i have sign letter of downpayment.. besides.. the vendor's lawyer havent got any draft snp from him, wht should i do now? im confusedddd

u should get the price list why he charge RM5000...
as my case, i bought RM308k, the land + stamp duty on developer side, definitely no more than RM6k...

do downpayment to developer need witness? even i sign S&P before stamping also no witness... duh...

only the lawyer need to be witness while i signing the documentation for the bank side...
or maybe he means bank's lawyer no bear-ed by bank? maybe ask bank to finance the bank's lawyer fees into house loan if he means bank side...

forgot to tell ... this is subsales.. bought from somebody.. btw.. i just got the list from my lawyer..

legal fees

preparing snp RM1689
preparing n filling mot RM169
brankruptcy search RM50

svc tax RM95

disbursement

stamping on transfer RM2540 (I THINK THIS IS THE PART WHR THE 50% COMES?)
stamping on snp RM40
adjust on mot RM10
registration of mot RM100
land search RM90
travel RM150
fotocopy/tel/misc RM150
misc expenses RM50

TOTAL RM5133

This post has been edited by starsailor1070: Oct 15 2008, 07:20 PM

stamping on transfer: RM2540
This is correct but no provided 50% discount

preparing snp: RM1689
i think this make the difference... my S&P prepared by developer...
they print it on the spot once i do the deposit & legal fees and let me sign page by page before stamping

Hey guys if i am on my second property, would this 50% waiver still apply?

IIRC i don't think you'll qualify.

here's the thing.. i called up ldhn . they said that, can get 50% off ONLY FOR 1ST TIME APPLICANTION. meaning to say that... tho its ur 2nd 3rd or whtvr.. u can still apply.. if.. this is the 1st time u apply from them. if ur not sure try to call lhdn. their customer svc might say diff thing.. try to get their officer incharge (stamp duty dept)

the 5k charge, is it for the purchasing only? I can say that it is expensive. There is a standard percentage rate for the charge according to the value of the house. Mine, for Rm180k, the lawyer charge is around 3k something.

yeah... but now after 50% discount they charge me about 3800++ still expensive rite? but she already do all the drafting etc.. so i guess its too late for me to change lawyer..

Hi is your 3k+ fees inclusive of stamp duty?? if yes it is consider cheap already

Hi there, appreciate if anyone here can explain to me about the timing on this stamp duty refund

when i sign the S&P 3 months back, my lawyer ask me to pay the full amount of stamp duty first and after if its got approve by the LHDN, he will refund to me the 50%. however, when i called him last week he told that i will have to wait for another one month to get the refund of 50 % on stamp duty.

As for the progress on the S&P process, last i check with the bank today they have confirm and will prepare the cheuqe for the last payment(balance purchase sum) to my loan lawyer, the cheque will be ready for collection tomorrow. So from here i assume by next week, i will be getting the key from the owner and complete the whole S&P process.

so my question is why next month? i assume i have done all the necesary process including stamping the deep of assigment, so why do i still need to wait for another month for the refund?

hopefully some one can explain to me the time line and who is involve in approving the refund here so i can have a more solid base before i go to my lawyer office next week, thanks

May I know the 50% discount on stamp duty still applicable under 2009?

If i not mistaken, it was previously announced that it will be until end of 2009.

Stamp duty is going to increase. Please see HERE.

Still applicable until 31 December 2010.

hi, i'm first time buyer. i'm buying from developer. the legal fees and snp are bear by developer. however while approaching bank (maybank), the officer told me i need to pay around 5k for "loan documentation fee", it started since 1 november 2009. is this similar to the stamp duty mentioned above?

The Transfer scale is this:
First 100k is 1%
Next 400k is 2%
Subsequent is 3 %

Let's say your property is RM240k. The calculation should be this
First 100k is 1%=1k
next 140k is 2%=2.8k
So total stamp duty for transfer is RM1k+2.8k=3.8k
Since it's below 250k and use it for the first time, then the stamp duty will be 3.8k/2=1.9k

Everyone understands??
THIS CALCULATION IS STRICTLY FOR STAMP DUTY FOR MOT/DOA ONLY!!! NOT LEGAL FEES!!!

Hi

I am looking for lawyer to draw out S&P for an auction property. Please quote me the price. Legal + Stamp duty and all other cost.

Value: 240k
Area: Vista Komanwel, Bukit Jalil.
MOF: 90%

ASAP.

Thanks