Hello everyone,

I am writing to inquire about the first home buyer for stamp duty exemption for properties valued between 500k to 1 million. As per the budget 2023, it has been announced that 75% of the stamp duty will be exempted for properties within this range.

However, I have checked the stamp duty website and so far, there has been no gazette released on this matter. As a first home buyer, I am wondering if there are any stamp duty exemptions currently available for me if I were to purchase a residential property now.

I would appreciate any information or insights on this matter. Thank you.

As of now, there is only stamp duty exemption for residential property valued rm500k and below for first time home buyer.

Yes, you are right, no gazette yet so nothing can be done, if gazette released then you can refer back to the lawyer for the exemption

Waiting for it tho

So for now I just need to pay the Stamp Duty right? Once the gazette out then only I apply for refund?

I remember the budget speech 2023 mention that the residential property valued 500k-1million the stamp duty exemption rate increase from 50% to 75%?

Then the initial 50% stamp duty exemption for property valued 500k-1million also no gazette release?

ya, that's what I know when I asked my lawyer. now only the below 500k gazette, so for those 500k-1mil all have to wait

No gazette at all for all

wonder what’s happening to the plan lol.. i’m also waiting for some good news

I got ask my lawyer cuz i first time bought a property and entitled for the 75% but it's service apartments.
This is wat she answered.
Service apartments don’t satisfy the criteria. Only housing accommodations allowed.
i not sure how true is this but oh well,if lawyer not telling the true then god bless her.
But as far i know, latest budget 2023 stamp duty tnc macam not yet out eh..waiting update.

This post has been edited by Dyson Jin: Apr 28 2023, 11:47 AM

I'm actually also looking for the answer but can't really find it. So far, most mentioned service apartment is not eligible. But, what does this statement below means? Can try? https://www.lowpartners.com/faq-latest-stam...xemption-order/

Yesterday got out statement about this but can't find the gazette yet. 🤔

Do you have any info?

Its out but anyone has any idea where to find the imiliki projects, i checked on kpkt website but none

It starts on 1 June 2022? Means whatever property purchased between that period can get a refund?

Not whatever property. Property mentioned must be registered under Home Ownership Programme. Yes, you can ask your lawyer to proceed for refund from LHDN if duty stamped paid but make sure you hit all criteria in the gazette.

Means subsale is not eligible right?

Yes, not eligible.

Lelong eligible?

Nope.

Residential property, meaning service apartment is not entitle?

Its included. The definition of residential property is defined in the gazette.

“residential property” means a house, a condominium unit, an apartment or a flat, purchased or obtained solely to be used as a dwelling house, and includes a service apartment and small office home office (SOHO) for which the property developer has obtained an approval for Housing Developers’ Licence and Advertising and Sales Permit under the Housing Development (Control and Licensing) Act 1966, Housing Development (Control and Licensing) Enactment 1978 [Sabah No. 24 of 1978] or Housing Development (Control and Licensing) Ordinance 2013 Sarawak [Cap. 69];

Thanks for the answer, so I should check with my lawyer or sales agent on this? I signed SPA back in August last year, I am not sure am I eligible, tried googled but could not find a place where all information is listed, only news.

Yes, for your extra info, u just let your lawyer knows which PUA you are referring to

PUA 177 - property 500k and below, exemption on MOT
PUA 176 - property 500k and below, exemption on stamp duty on loan
PUA 179 - property more than 500k but less than 1 mil, 75% remission on MOT
PUA 180 - property more than 500k but less than 1 mil, 75% remission on stamp duty on loan

SUBJECT STRICTLY that the property is registered under Imiliki and purchaser HAS NOT owned any property before!

I contacted both sales agent and lawyer, the sales agent say their lawyer haven't receive the full guideline, and the lawyer say developer haven't inform them whether this project is registered under I-milik or not...so I guess I will still need to wait

Just to update,my lawyer contacted me about IMILIKI dy.
my service residence entitled!
Cheers!

which residence?

Developer need to specifically apply i-miliki? If not apply then consider not entitle right?

Yes,if i not mistaken need have HDA...
but the best is to ask before purchase new property..

Hi, if developer absorb the stamp duty for Loan Agreement, do i still need to sign pua179 document?

Hi all,to update a bit..
IMILIKI folo APDL price list,this pricelist normally we dont know is how much..i kena already..

my SPA is 700k+,supposely entitle for 75% off...
but lawyer told me APDL price is 1million+..so i not entitle to IMILIKI..
APDL is the price developer send to KPKT for approval.
i feel very unfair la so to be comfirm,pls check the APDL pricelist from developer before buying your wonderful house.

Update 12/11/23
Recently my lawyer contacted me and told me my unit entitled for IMILIKI again due to price change from developer..i resubmit the form again for lawyer to process..hopefully this time can get the real 75% discount..

This post has been edited by Dyson Jin: Nov 12 2023, 11:54 PM

ha.....only new houses entitled?
why subsales not considered, why must buy new projects and feed those greedy developers.

Hi, how do you guys apply for the refund? Through lawyer firm and pay the charges? Or drop by government dept to do it yourself?

Should be not paid upfront right?

Most stamp duty waivers and exemption are targeted to clear new housing stock and not sub-sale. I believe that there is a simple reason for it. If sub-sale the government will miss out on profit taxes from developers as most sub sale sellers are individuals who will sell property after 5 years thus not paying any taxes to the government. Also new properties usually require very little up front payment and this attracts new first time buyers who will take bank loans and add to the profits of the banks which are....taxed. Basically need to support developers and banks at the same time help buyers.

The developers are the golden goose for councils wei and to be fair it’s a huge circular economy effect each time a development commences.

If its your 1st property and it's residential title, I remember can waive 50% for the stamp duty.

For most first buyers subsale is the same as developers je, still need loan and pay tax everything... and seller need to pay rgt lagi... only reason can think of is to encourage developers to build more, hence to increase gdp kot

I just got mine approved not long ago. Just updating my situation and see if it helps fellow bros and sis here with their iMiliki application.

AFAIK, there are several criteria to meet before we can submit the application to LHDN to get approval, as below:
1. Must be residential project (this includes commercial title under HDA, and SOHO inclusive as well)
2. Price must be under RM1mil (The mentioned price here is the price that the developer submits to KPKT during project approval phase, idk what they call it but I call it KPKT price)
3. The purchase must be at least 10% discount from KPKT price (Not SPA price)
3. Purchaser does not have any sorts of property under his/her name (not sure if property of inheritance counts)
4. Must be a purchase directly from developer (means new project only)
5. The developer must be a participant of this program (To me this is very vague, be careful when you visit showroom. Agents sure tell you this can, that ada. Till you signed the papers everything cannot U-turn baru they tell the truth)
6. SPA must be EXECUTED by latest 31st December 2023 and STAMPED by latest 31st January 2024. (Better don't delay until last minute else if they drag your stamping you'll then not be eligible for the program)


After fulfilling the above criteria, what you need to do BEFORE signing your SPA:
1. Check with your lawyer on the iMiliki application (in this case usually is developer panel lawyer la because they waive your legal fees)
2. During SPA signing day, request for the iMiliki application forms first. They will sure prepare for you as they'll need your signature for the forms.
3. There are 3 forms for you to sign, 1 is confirmation of 10% discount, another 1 is first house declaration, and the last one is the application form itself
4. The form is basically all the details of your purchased unit and the information only can get from developer, so look through everything and sign.

Attaching some reference links for you guys to study:
KPKT Official Site for iMiliki: https://www.kpkt.gov.my/index.php/announcements/view/98
10% discount Form: https://www.kpkt.gov.my/kpkt/resources/user...UN_27102023.pdf
1st House Declaration Form & iMiliki Application Form: https://www.kpkt.gov.my/kpkt/resources/user...ama_4_jenis.pdf (Note that 2 types of form with 2 price bracket are in here, page 5 to 8 is for purchase less than RM500K, and page 1 to 4 is for RM500,001 to RM999,999)
iMiliki official FAQ: https://www.kpkt.gov.my/kpkt/resources/user...10_27102023.pdf

Upon successful application, your lawyer will then notify you with a surat from LHDN stating the latest amount to pay for the stamp duty, then just pay accordingly. For those who have paid upfront can get refunded, but I'm not in this case so I can't share how the flow will be.
Fingers crossed for fellow peeps who are applying to get approval!
Hope this helps!

if those project stamp duty pay by developer we still need apply i-miliki?

Thanks for sharing about your experience.

If the lawyer didn't bring the i-miliki documents on SPA signing day, then when actually to ask lawyer to apply the imiliki exemption?

Anytime after SPA signing?
Or just before when the MOT is going to be processed soon?

For No.6 about SPA EXECUTED by 31 December 2023 and STAMPED by 31 January 2024, can explain abit on what it means by executed?

For me I sure directly text the lawyer that handles my case to quickly get it sorted out since there is a time frame for things to happen. You'll need to get approval from LHDN first beforehand, not wait until MOT cuz that will be too late.

For No.6 means that the SPA must be signed within the campaign which I believe its launched somewhere around mid year 2022. So meaning to say your SPA have to be signed within the period of this campaign, which is 1st of June 2022 to 31st of December 2023. (Source: https://www.nst.com.my/property/2023/06/919...asing-property ). Yeah the EXECUTED I mean here is the SIGNING of SPA.

This post has been edited by Angellynx: Jan 15 2024, 03:06 PM

I have the same question, do we get refund if the MOT paid by develpoer? Thanks!

Hmm by logic, if refund. It will refund to developer, as developer paid the mot.

But from what I know. The mot exception is only available when the policy is running. If you execute mot during the time this policy is not available. Then you are not entitled the benefit.