ACCCIM lauds stamp duty exemptions

PETALING JAYA: The move by the authorities to have stamp duty exemptions for property purchases by first-time buyers has been welcomed by the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM).

The government announced a 100% stamp duty exemption on instruments of transfer and loan agreements for properties priced RM500,000 and below until end-2025, and a 75% exemption for properties priced between RM500,001 and RM1mil from June 1, 2022 until Dec 31, 2023.