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The latest news from the Ministry of Finance

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The latest news from the Ministry of Finance

By adminp / July 3, 2024

Eligible people who purchase a house during a specific period will be exempted from stamp duty on loan contracts!
post by Dylan
by Dylan

Attention friends who want to

According to the latest report from The Star, Finance Minister Lim Guan Eng said that in conjunction with the Home Ownership Program which will be implemented from January to June 30 this year, in addition to the exemption of contract tax for sales contracts, even loan contracts and land transfer contracts are also exempt from stamp duty.

However, the premise is that stamp duty can only India Phone Number List be exempted when purchasing properties between RM300,000 and RM2.5 million. As for land title transfer contracts, stamp duty can only be exempted if the contract is below RM1 million.

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It is believed that under this six-month “Home Belgium Business Phone List Ownership Plan”, the government will be able to effectively reduce the number of unsold houses in the market. It hopes to sell 3,384 houses priced below RM150,000 and help low-income groups buy houses easily.

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