KUALA LUMPUR: The Government has proposed extending the full stamp duty exemption on transfer instruments and loan agreements for first-time homebuyers purchasing homes priced up to RM500,000 for another two years, until Dec 31, 2027, Prime Minister Datuk Seri Anwar Ibrahim said.
Anwar said the Government also planned to impose a flat stamp duty rate of between 4% and 8% on the transfer of ownership of residential properties by non-citizens and foreign companies, excluding individuals who are permanent residents of Malaysia.
“This measure ensures that the property market remains competitive and can control house price increases for the benefit of the people,” Anwar said when tabling Budget 2026 today.
Additionally, the government proposed a special tax deduction of up to 10% of eligible expenses, capped at RM10mil, for the renovation and conversion of commercial buildings into residential premises.
