Continuation of stamp duty exemption will help more Malaysians to be homeowners - Nga

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Continuation of stamp duty exemption will help more Malaysians to be homeowners - Nga
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The stamp duty exemption applies to sale and purchase agreements executed from June 1, 2022 until Dec 31, 2023. thesun thesundaily stampduty homeowners NgaKorMing Continuation of stamp duty exemption will help more Malaysians to be homeowners - Nga

: The move to continue the 100 per cent stamp duty exemption for the purchase of a first property priced below RM500,000 is expected to help more Malaysians to have a house of their own.

“So far 76.9 per cent of Malaysians have already owned a house, we are targeting 100 per cent and this is one of the ways to help achieve the target,“ he told reporters after a working visit here today. In addition, the MoF said a 75 per cent stamp duty exemption will also be given for first-time home ownership for houses priced at between RM500,000 and RM1 million under the i-Miliki initiative.

The MoF said the exemption comes under the Home Ownership Programme , where first-time buyers are given stamp duty exemption on transfer documents and loan agreements.

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