Know The Rates
Standard rates
| Booking fee |
: |
Usually about 2% of the purchase price. The amount is subject to negotiation between the seller and buyer. |
| Down payment upon signing of Sales & Purchase Agreement (SPA) |
: |
10% of the purchase price (inclusive of the booking fee) |
| Stamp duty for Memorandum of Transfer |
: |
| First RM 100,000 |
- |
1% |
| Next RM 400,000 |
- |
2% |
| Above RM 500,000 |
- |
3% |
|
Note:
The new limit entitlement for the 50% stamp duty exemption is now for properties RM500,000 and below in accordance to Budget 2015. This will take effect starting 1st January 2015 and be extended for a further term of 2 years until 31 December 2016.
| Real Property Gain Tax (RPGT) |
: |
| Disposal Period (Year) |
The Rates (%) |
| Individual (Permanent Resident/Citizen) |
Companies |
Non-Malaysian Residents |
| 1st |
30 |
30 |
30 |
| 2nd |
30 |
30 |
30 |
| 3rd |
30 |
30 |
30 |
| 4th |
20 |
20 |
30 |
| 5th |
15 |
15 |
30 |
| 6thand above |
0 |
5 |
5 |
|
- Exemption on gains from the disposal of one residential property once in a lifetime to individual (Please utilize this once in lifetime opportunity wisely!)
- Exemption on gains arising from the disposal of real property between family members (e.g. husband and wife, parents and children and grandparents and grandchildren)
- Exemption on 10% of profits OR RM10,000 per transaction (whichever is higher) is not taxable
