Ministry seeks 100% stamp duty exemption for RM500,000-RM1mil properties

Datuk Seri Reezal Merican Naina Merican

KEPALA BATAS: The Ministry of Housing and Local Government (KPKT) hopes its application for 100 per cent stamp duty exemption for ownership of first-time homeowners of properties priced above RM500,000 and RM1 million would be approved at the tabling of Budget 2023 next month.

Its Minister, Datuk Seri Reezal Merican Naina Merican said that for now full stamp duty exemption was only for first-time homeowners of properties priced RM500,000 and below through the Keluarga Malaysia Home Ownership Initiative (i-MILIKI), while houses priced above RM500,000 to RM1 million were given a 50 per cent stamp duty exemption.