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Stamp Duty Relief for First-Time Homebuyers

Several Stamp Duty (Exemption) Orders are deemed to have come into operation on 1 June 2023.

The government has given effect to stamp duty exemptions for first-time house buyers as part of initiatives announced by the Minister of Finance in the Malaysian Budget 2023 Speech.

This initiative grants a 100% exemption for purchases below RM500k and a 75% exemption for purchases between RM500k and RM1mil in an effort to make housing more affordable.

Be sure to keep up to date with the latest government initiatives which will have a significant impact in helping you kickstart your life by owning your first home.

Do you know someone that is looking to purchase their first property? Why not help them out by sharing this post!!

by MH Law | September 7, 2023 | Legal Alerts

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