Stamp Duty in Malaysia
Stamp Duty on Transfers
In Malaysia, all transfers of property attract stamp duty regardless whether the acquirer gives consideration for the transfer or not. Usually, acquirers of property pay money for the acquisition. But sometimes the acquisition may be way of gift.
However, a 50% reduction of stamp duty will be given if the following conditions have been met :-
|Stamp Duty on Charges (loan)
A charge on property is an instrument created by statue, namely the NLC. It affords the Chargee a security for loan granted to the Chargor over the property charged. Stamp duty is calculated at the rate of about 0.5% of the loan amount.