Real Property Gains Tax (RPGT) Exemption

From 1st June 2020 to 31st December 2021, the gains arising from disposing of residential property are now exempted for all Malaysian citizens. There are some exemptions allowed for RPGT with the following condition:

1. This exemption is limited to the disposal of three units of residential homes per individual;

2. The residential property disposed of is not acquired within the exemption period either;

• • Transfer between spouses; or
  • Real properties disposed by a way of gift where the donor is citizen between spouses, parent, child or grandparent and grandchild.

3. The sale and purchase agreement for the disposal of the residential property is executed during the exempted period and is duly stamped not later than 31 January 2022.

For more information, please visit: pua_20200728_PUA218_2020

Source from Official Portal of e-Federal Gazette (http://www.federalgazette.agc.gov.my/outputp/pua_20200728_PUA218_2020.pdf)

Stamp Duty Exemption

1. Stamp Duty Exemption (No.3) Order 2020

The exemption of stamp duty with effective on 1st June 2020 for the residential property price between RM300,000 to RM2.5Million and only applicable with the following condition;

• For any loan agreement to finance the purchase of residential property under the Home Ownership Campaign 2020/2021

• The sale and purchase agreement for the purchase of the residential property is between an individual and a property developer;

• Sales and Purchase Agreements (SPA) signed between 1st June 2020 to 31st May 2021.

For more information, please visit: pua_20200729_PUA2162020

Source from Official Portal of e-Federal Gazette (http://www.federalgazette.agc.gov.my/outputp/pua_20200729_PUA2162020.pdf)

2. Stamp Duty Exemption (No.4) Order 2020

The exemption of stamp duty with effective on 1 June 2020 for the residential property price between RM300,000 to RM2.5Million. The exemption on the instrument of transfer is limited to the first RM1Million of the property price and the stamp duty will be charged RM3 for every RM100 of the balance property price which is more than RM1Million.

The exemption of stamp duty only applicable with the following condition;

• For all instrument of transfer for the purchase of a residential property under the Home Ownership Campaign 2020/2021

• The sale and purchase agreement for the purchase of the residential property is between an individual and a property developer;

• Sales and Purchase Agreements (SPA) signed between 1st June 2020 to 31st May 2021.

For more information, please visit: pua_20200729_PUA2172020

Source from Official Portal of e-Federal Gazette (http://www.federalgazette.agc.gov.my/outputp/pua_20200729_PUA2172020.pdf)

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