09 January 2015, by Low Beng Choo, Chairperson, Conveyancing Practice Committee
Circular No 005/2015
Dated 9 Jan 2015
To Members of the Malaysian Bar
Stamp Duty (Remission) Order 2014 and Stamp Duty (Remission) (No 2) Order 2014
Please be informed that Stamp Duty (Remission) Order 2014 and Stamp Duty (Remission) (No 2) Order 2014 came into effect on 1 Jan 2015, and are applicable where the Sale and Purchase Agreement is executed on or after 1 Jan 2015, but not later than 31 Dec 2016.
Stamp Duty (Remission) Order 2014 provides for the remission of 50% from the stamp duty chargeable on any loan agreement to finance the purchase of only one unit of residential property costing not more than RM500,000, subject to the stipulated conditions.
Stamp Duty (Remission) (No 2) Order 2014 provides for the remission of 50% from the stamp duty chargeable on any instrument of transfer for the purchase of only one unit of residential property costing not more than RM500,000, subject to the stipulated conditions.
Please find attached the following documents for your reference:
(1) Stamp Duty (Remission) Order 2014 [PU (A) 360/2014] (in Bahasa Malaysia and English); and
(2) Stamp Duty (Remission) (No 2) Order 2014 [PU (A) 361/2014] (in Bahasa Malaysia and English).
For enquiries, please contact Chuah Ying Ying, Executive Officer, by telephone at 03-2050 2106, or by email at yingying@malaysianbar.org.my.
Thank you.
Low Beng Choo
Chairperson
Conveyancing Practice Committee