First-time house buyers to continue enjoying stamp duty exemption

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Kuala Lumpur: First-time house buyers will continue to enjoy a 100 per cent stamp duty exemption for purchases not exceeding RM500,000 via the Malaysian Home Ownership Initiative (i-Miliki) as provided for under Budget 2023, said the Finance Ministry (MoF).

It said a 75 per cent stamp duty exemption will also be given for first-time home ownership for houses priced at between RM500,000 and RM1 million under the i-Miliki initiative.“This stamp duty exemption applies to sale and purchase agreements executed from June 1, 2022, until Dec 31, 2023,” the ministry said in a statement today. It said the exemption comes under the Home Ownership Programme , where first-time buyers are given stamp duty exemption on transfer documents and loan agreements.

Carlsberg Golf Classic 2023 Swings Back into Action: The Ultimate #NEXTGEN Golf Tournament Kuala Lumpur: – The Carlsberg Golf Classic is back in June this year with the introduction of two digital golf legs to draw beginner golfers, who play off-course in indoor simulators, rebranding it as #NEXTGEN. Read more The move is aimed at encouraging home ownership among the people, the statement said.

Source: News Formal (newsformal.com)

 

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