Thursday 28 Mar 2024
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KUALA LUMPUR (Dec 20): The government will not proceed with the proposal to increase the stamp duty rate from 3% to 4% on transfer instruments (Form 14A) for properties worth more than RM1 million starting Jan 1, 2018 as announced by the prime minister during Budget 2017.

In a statement today, the Ministry of Finance said accordingly, the stamp duty for the first RM100,000 of the property value stays at 1%.

The next RM100,001 to RM500,000 remains at 2%, while the final RM500,001 and above, the stamp duty is kept at 3%.

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