Tax Series

Stamp Duty (Exemption) (No.7) Order [P.U.(A)71/2002]

The following documents are exempted from stamp duty if the conditions stated at the right  are satisfied

1. Sale and purchase agreement executed between purchase and the developer between 1 January 2002 to 30 June 2002.

2. All instruments of transfer of title for the property from the developer to the purchaser named in the sale and purchase agreement. Commonly called Borang 14A or Memorandum of Transfer

3. All documents in the nature of security executed between the purchaser and a bank or financial institution.

4. All documents in the nature of security executed between an employee and an employer under an employee housing loan scheme for money advanced to finance the purchase

Conditions.

1. It is residential property (whether fully completed or under construction). Residential property mean houses, condominium units apartments and flats built as a dwelling house.

2. purchased from a developer registered with the Real Estate and Housing Developers’ Association Malaysia

3. Purchased between 1 January 2002 to 30 June 2002.