Stamp Duty exemptions for first-time home buyers

P.U.(A) 176/2023 exempts stamp duty on any loan agreement to finance the purchase of a residential property through the Malaysian Home Ownership Initiative (i-Miliki) under the Home Ownership Programme 2022/2023, the value of which is not more than RM500,000, executed between an individual named in a sale and purchase agreement (SPA) and persons listed in Paragraph 2(1)(a)-(i) of the Order.

    

P.U.(A) 177/2023 exempts stamp duty on all instruments of transfer for the purchase of a residential property through i-Miliki under the Home Ownership Programme 2022/2023, the value of which is not more than RM500,000, executed by an individual.

   

The Stamp Duty Exemption Orders shall only apply to SPA between an individual and a property developer, is executed on or after 1 June 2022, not later than 31 December 2023, and is duly stamped not later than 31 January 2024.