Govt urged to extend stamp duty exemption for RM500,001 TO RM1 mln properties to end-2025
KUALA LUMPUR: The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) hopes the government will extend the stamp duty exemption period for property priced between RM500,001 and RM1 million to end-2025 from end-2023 when tabling Budget 2024. This will standardise the stamp duty exemption period for properties worth RM500,000 and below, which is […]
Subdued asking prices in property market
KUALA LUMPUR: PropertyGuru Malaysia has found that asking prices for properties in Malaysia have dropped quarter-on-quarter (QoQ). In its Property Market Index quarter one 2021 report, Kuala Lumpur, Johor and Penang registered a drop of 1.80 per cent, 0.83 per cent and 0.78 per cent respectively while Selangor is the only market with a slight […]
2021 Budget encourages purchase of first house
KUALA LUMPUR: The tabling of 2021 Budget, which encouraged purchase of first home, especially among the B40 and M40 groups, will benefit Malaysians having problems to become house owners. Malaysian Real Estate and Housing Developers’ Association (Rehda)president Datuk IR Soam Heng Choon, in welcoming the move, regarded it as part of the government’s initiative to […]
Stamp duty exemption, RM1bln for rent-to-own scheme
KUALA LUMPUR: The government will be implementing several initiatives to help increase home ownership and provide comfortable and quality housing. Finance Minister Datuk Seri Zafrul Tengku Abdul Aziz said to encourage home ownership, the government will implement several initiatives including a full stamp duty exemption on instruments of transfer and loan agreements for the purchase […]
Stamp duty exemption incentive for SMEs
KUCHING: The Ministry of Entrepreneur Development and Cooperatives (Medac) through SME Corp. Malaysia in collaboration with the Inland Revenue Board of Malaysia (LHDN) and the Companies Commission of Malaysia (SSM) is providing a stamp duty exemption incentive to small and medium enterprises (SMEs) for merger and acquisition (M&A) activities. Application for this incentive is eligible […]
Stamp duty exemption for SMEs on M&A instruments
KUALA LUMPUR: The Entrepreneur Development and Cooperatives Ministry (Medac) via SME Corp Malaysia will provide stamp duty exemption for small and medium enterprises (SMEs) on any instruments executed for merger and acquisition (M&A) activities aimed at enhancing their capacity. This initiative, implemented with the cooperation of the Inland Revenue Board (LHDN) and the Securities Commission […]
