Saturday, July 17, 2010

News - Stamp Duty

Some old news, decided to publish it again for your information:

Govt Proposes 50 Pct Stamp Duty Exemption For House Purchase

KUALA LUMPUR, Sept 7 (Bernama) -- The government is proposing a 50 percent stamp duty exemption on documents of transfer for the purchase of one house costing not more than RM250,000, Prime Minister Datuk Seri Abdullah Ahmad Badawi said today.

The proposal is effective for sale and purchase agreements executed from Sept 8, 2007, to Dec 31, 2010.

This measure will reduce the cost of purchasing a house by up to RM2,000.The government will continue to ensure greater Bumiputera participation in the property sector, Abdullah said when tabling the 2008 Budget at Dewan Rakyat here.


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