Home Loan Question & Answer

Client Question :
Hi,
I would like to know if I’m buying auction house did I still can get the exemption for stamp duty?

MHL Answer:
Hi, Thanks for your question and it is an excellent question.

If you’re a first-time house buyer and buying an auction property, the answer is No.

The exemption only applies to a completed property and under construction property buying from an agent, seller or developer.

They required a stamped Sale and Purchase Agreement submit in for the application of Stamp Duty exemption.

For auction property, there is no Sale and Purchase Agreement only Proclamation of Sale.

Thanks.

Melissa Lee?
Online Mortgage Consultant
012-6946746 (David)
www.malaysiahousingloan.net

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