50% Stamp Duty on Residential Property
50% is remitted from the stamp duty chargeable on any instrument of loan agreement and transfer for the purchase of only one unit of residential property costing not more than RM350,000 by an individual who is a Malaysian citizen, provided that:
- the Sale and Purchase Agreement for the purchase of the residential property is executed on or after 1 Jan 2011, but not later than 31 Dec 2012;
- at the date of execution of that Sale and Purchase Agreement, the individual does not own any other residential property (only applicable for first house buyer); and
- the application for the remission of stamp duty may only be made once.