Stamp Duty Tenancy Agreement Malaysia
Online calculator to calculate tenancy agreement stamp duty.
Stamp duty tenancy agreement malaysia. About chat property malaysia. The amount paid would be calculated based on the annual rent. Chat property malaysia author. Enter the monthly rental duration number of additional copies to be stamped.
April 1 2019 at 11 27 pm reply. Rm24 000 rm2 400 rm21 600. Instruments liable to stamp duty are those listed in the first schedule of the stamp act 1949 exemptions relief from stamp duty general exemptions under section 35 in first schedule stamp act 1949 and specific exemptions under item 2 4 and 32 in first schedule stamp act 1949. As for the tenancy agreement stamp duty the amount you have to pay is depending on yearly rental and duration of the agreement.
Above table listed are for the main copy of tenancy agreement if you have 2nd or 3rd duplicate copy the. The standard stamp duty chargeable for tenancy agreement are as follows. In summary the stamp duty is tabulated in the table below. Stamps is an electronic stamp duty assessment and payment system via internet.
For second copy of tenancy agreement the stamping cost is rm10. You may check with tax office for clarification. And if the tenancy agreement has been signed for more than 3 years the stamp duty rate will be rm3 for every rm250 of the annual rent in excess of rm2 400. First rm 10 000 rental 50 of the monthly rent.
Next rm 90000 rental 20 of the monthly rent. Can i print the digitally signed tenancy agreement and use it for stamp duty at the tax office. Tenancy period 3 years payable stamp duty rm30 000 rm250 x rm4 120 x rm4 rm480 figures will be rounded up step 4. The formula for calculating that stamp duty will be.
Total cost involved for tenancy period of 1 year diy tenancy agreement stamp duty stamping for 2nd copy rm120 rm10 rm130. The tenancy agreement will only be binding after it has been stamped by the stamp office. This is the second part of a four part series article to be used as a simple guide to tenancy agreements for landlords who wish to rent. Pds 1 and pds 49 a.
For instance the monthly rental for a one year tenancy is rm2 000 so the annual rent is rm24 000. Legal fee for tenancy agreement period of above 3 years. I got the following table from the lhdn office. How do i calculate the stamp duty payable for the tenancy agreement.
More than rm 100 000 negotiable q. While paying the stamp duty there are 2 application forms which you need to submit.