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Sale and Purchase transaction
Ad valorem stamp duty is payable on the instrument of transfer, ie in the case of a property with individual/strata title,
the memorandum of transfer and in the case of a property without title, the deed of assignment. The sale and purchase agreement
is always stamped nominally at RM10/-
In cases where you purchase a property directly from a developer and the property does not have an individual/strata title, then
there is no ad valorem stamp duty payable until the individual/strata title has been issued. In many instances, a purchaser sells
his property before the individual/strata title has been issued and thereby avoid the need to pay any ad valorem stamp duty.
In all other instances, as the purchaser, you will have to pay the ad valorem stamp duty on the instrument of transfer, be it a memorandum
of transfer or a deed of assignment.
| Purchase Price (or Adjudicated Value) | Rate |
| First RM100,000.00 | 1% |
| From RM100,001.00- to RM500,000.00 | 2% |
| In excess of RM500,000.00 | 3% |
Following from the Malaysia Budget for the year 2008, ad valorem stamp duty on the instrument of transfer will be reduced by 50% for houses of less than RM250,000/-.
Further details have yet to be released by the Government.
Loan Documents
Ad valorem stamp duty calculated at a flat rate of 0.5% of the loan amount is payable on the principal loan documents. All other subsidiary loan documents will be
stamped nominally at RM10/-
Other Disbursements
In
addition to the stamp duty payable, the
following disbursements will be incurred:-
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a. |
fees payable on the registration of documents requiring
registration (at land office or high court); |
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b. |
stamp duties or fees; |
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c. |
traveling expenses; |
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d. |
fees paid on searches with the land
office, the official receiver/ assignee office, CCM; |
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e. |
costs of extracts from any register or record; |
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f . |
other disbursements reasonably and properly paid and incurred
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