Budget 2021 exempts stamp duty for purchase of first house worth up to RM500,000


KUALA LUMPUR: Budget 2021 has proposed a full stamp duty exemption on both instrument of transfer and loan agreement for the purchase of first house worth up to RM500,000 to encourage home ownership among the people.

Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the exemption is applicable for the sale and purchase agreement on purchases that are completed from Jan 1, 2021 until Dec 31, 2025.

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