Budget was an exciting announcement and we think one of the biggest winners are under Property and Housing.
A lot of goodies for first-time house buyer and next year will be the best time to search and buy a house.
The Stamp Duty Malaysia 2023 exemption for first-time house buyer will be the same as the previous year where for first-time home buyers that purchasing residential properties priced up to RM500,000, stamp duty exempted up to RM500,000 on sale and purchase agreements as well as loan agreements until December 2025.
This is great!
Let’s see how Stamp Duty Malaysia 2023 exemption works.
In an effort to reduce the cost of ownership of first home for Malaysian citizens, the government has proposed the following stamp duty exemptions:-
Effective Date : 1st January 2021 – 31st December 2025
Value of instruments of transfer and loan agreement for the purchase of first home
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