Tenancy Agreement Stamp Duty Malaysia Calculator
The stamp duty fee for the first rm100 000 will be 100 000 1 rm1 000 the stamp duty fee for the remaining amount will be 300 000 100 001 2 rm4 000.
Tenancy agreement stamp duty malaysia calculator. It is very crucial for property leasing in order to protect the landlords and tenants. Enter the monthly rental duration number of additional copies to be stamped. Calculate stamp duty legal fees for property sales purchase mortgage loan. This means that for a property at a purchase price of rm300 000 the stamp duty will be rm5 000.
Stamp duty for memorandum of transfer in malaysia mot malaysia can be extremely pricey and do check out the chart below for the tier rate. I got the following table from the lhdn office. To know the exact stamp duty you need to pay you can visit our free stamping fee calculator. Legal fee and stamp duty calculator calculation of legal fees is governed by solicitors remuneration amendment order 2017 and calculation of stamp duties is governed by stamp act 1949.
For example by clearly stating that the tenant is responsible for all payable charges such as water. Spa loan agreement quotation includes legal fees amount disbursement fees 6 sst and stamp duty. 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.
Please contact us for a detailed quotation as the following tables exclude any taxes disbursements and reimbursement charges. We also provided an estimation of tenancy agreement legal fee and stamp duty fee in accordance to monthly rental. Total cost involved for tenancy period of 1 year diy tenancy agreement stamp duty stamping for 2nd copy rm120 rm10 rm130. For second copy of tenancy agreement the stamping cost is rm10.
Online calculator to calculate tenancy agreement stamp duty. Tenancy period 3 years payable stamp duty rm30 000 rm250 x rm4 120 x rm4 rm480 figures will be rounded up step 4. We recommend users to contact us or download easylaw mobile the no. Tenancy agreement i s a printed document that states all the terms and conditions which the tenants and landlords have agreed upon before the tenant moves in.
To use this calculator. Hence the total fees for a legal fee and stamp duty will be rm 250 rm 39 rm 289. Importance of tenancy agreement stamping. Legal fee stamp duty for sale purchase agreement.
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.