IPOH, June 11 — 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...
IPOH, June 11 — 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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