First-time house buyers eligible for tax relief of up to RM7,000

Home sweet home: A slew of incentives has been introduced under Budget 2025 to encourage home ownership among first-time buyers. — AZHAR MAHFOF/The Star

FIRST-TIME home buyers will get a tax relief of up to RM7,000 for purchasing residential homes priced up to RM500,000.

As for properties priced between RM500,000 and RM750,000, buyers will qualify for a tax relief of up to RM5,000.