exemption from stamp duty on the transfer instrument and loan agreement for the purchase of a dwelling worth RM300,001 to RM2,500,000 to Malaysian citizens under the Home Ownership Campaign 2020/2021: exemption from stamp duty on instruments, performed by a rescue contractor or developer, namely a contractor or developer designated or approved by the Minister of Housing and Local Government; to carry out renovation work on an abandoned project. Instruments are loan agreements and transfer instruments approved by the approved financier for the purpose of transferring resuscitated housing from the abandoned project. This applies to instruments executed by the contractor or developer who saves on january 1, 2013 or after January 1, 2013 and no later than December 31, 2020, no later than December 31, 2025. a) non-governmental contracts (e.g. between private bodies and service providers) Up to 300,000 (transfer instrument and loan agreement) (note 1) Duty rates vary according to the type of instrument and the values traded. RM3 for each RM1,000 or a fraction of them depending on the consideration or higher value. The Stamp Office generally applies one of the three methods of valuation of ordinary shares for stamp duty purposes: 300,001 – 500,000 – Of the 300,000 – 300,001 to 500,000 (transfer instrument and loan agreement), Note 1) Exemption from stamp duty on loan or financing contracts, the financing facility for small and medium-sized enterprises (SMEs) approved by Bank Negara Malaysia from 27 February 2020 to 31 December 2020 have been completed, i.e.: Special Assistance Facility, Facility for All Economic Sectors, Ease of Automation and Digitization of SMEs, Agrofood Facility and Facility for Microenterprises. Generally speaking, the transfer of real estate can benefit from a significant stamp duty: stamp duty on foreign currency credit agreements is usually limited to RM2,000. b) Government Contract (i.e. between the Federal Government/Land of Malaysia or the public/local authority and service providers) Exemption from stamp duty for all instruments of an asset Sale Agreement & Asset Lease Agreement concluded between the client and the financier and concluded in accordance with the principles of the Syariah Act extending an Islamic revolving finance facility, provided that the instrument of the existing facility is duly stamped. Total exemption from stamp duty on the deed of transfer in respect of the purchase of the first residential property with a value not exceeding RM500,000 by a Malaysian citizen under the National Housing Department`s Rent-to-Own (RTO) programme. The exemption is granted in two stages, i.e.
from the real estate developer (PD) to a qualified financial institution (FI) and from the FI to the Malaysian citizen. The exemption is subject to the execution of the following agreements between 1 January 2020 and 31 December 2022, i.e. the sales contract between fi and FI and the RTO agreement between FI and the Malaysian citizen. .