176/2023

Stamp Duty (Exemption) Order 2023

(Gazetted on 9 June 2023)

1. Deemed to have come into operation on 1 June 2022.
2. Exempts stamp duty on any loan agreementto finance the purchase of residential property through the Malaysian Home Ownership Initiative (i-Miliki) under the Home Ownership Programme 2022/2023, the value of which is not more than Rm500,000, executed between an individual named in a sale and purchase agreement (SPA) and persons listed in para 2(1)(a)-(i) of the Order.
3. The SPA in item 2 above is between an individual and a property developer, is executed on or after 1 June 2022 but not later than 31 January 2024.

177/2023

Stamp Duty (Exemption) (No. 2) Order 2023

(Gazetted on 9 June 2023)

1. Deemed to have come into operation on 1 June 2022.
2. Exempts stamp duty on all instruments of transfer for the purchase of a residential property through the Malaysian Home Ownership Initiative (i-Miliki) under the Home Ownership Programme 2022/2023, the value of which is not more than RM500,000, executed by an individual.
3. The SPA for the purchase of a residential property in item 2 above is between an individual and a property developer, is executed on or after 1 June 2022 but not later than 31 December 2023 and is duly stamped not later than 31 January 2024.

178/2023

Stamp Duty (Exemption) (No. 3) Order 2023

(Gazetted on 9 June 2023)

1. Deened to have come into operation on 1 April 2023.
2. Exempts stamp duty on all instruments of transfer of any immovable property operating as a voluntary disposition intervivos from the specified donor to the specified recipient as listed in the Schedule of the Order i.e. between parents and children or grandparents ans grandchildren.
3. The stamp duty exemption shall be limited to the stamps duty that should be imposed for the first RM1 million or less from the value of the immovable property and 50% of RM1 million shall be imposed on the balance amount of the value of the immovable property which is more than RM1 million.
4. The stamp duty exemption only applies if the instrument of transfer is executed on or after 1 April 2023 and the specified recipient is a Malaysian citizen.
5. The value of the immovable property shall be based on market value.