Stamp Duty For Home Buyer

Governments use RPGT and Stamp Duty primarily for revenue raising but it also acts as a mechanism to control inflation in the property market.

Stamp duty, on the other hand, is another tax payable upon purchase of a property.

Here is some information provided by PEPS.

        

PEPS is the acronym for Persatuan Penilai, Pengurus Harta, Ejen Harta & Perunding Harta Swasta Malaysia (Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector, Malaysia).

The government have announce a new policy for the first home buyer regarding the MOT and stamp duty. You can get more details for click the link here:https://www.edgeprop.my/content/1692196/pm-announces-reintroduction-home-ownership-campaign-and-rpgt-exemption