First-time homebuyers get stamp duty exemption, says PM
18 Jul 2022
15 Jul 2022 - KUALA LUMPUR: First-time homebuyers will get a stamp duty exemption on the instrument of transfer and loan agreement under the Keluarga Malaysia Home Ownership Initiative (i-MILIKI), says Datuk Seri Ismail Sabri Yaakob.
The Prime Minister said homes valued at RM500,000 and below will get a 100% exemption, while properties over RM500,000 to RM1mil will get 50%.
The exemption will apply for sales and purchase agreements that are completed from June 1 to December 2023.
Announcing this at the launch event of the Home Ownership Programme (Hope) and "Karnival Jom Beli Rumah", the Prime Minister said the initiative was to help Malaysian families own their first homes.