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| Procedures | Home Buying Guide | Loan Calculator | Property Tax Gain | Stamp Duty | Legal Fees | |||||||||||||||||||||||||||||
When a property is transferred, the transferee must pay Stamp Duty. The Stamp Duty is based on the
price for the property or its market value, whichever is the higher. This is provided for under the First
Schedule to the Stamp Act, 1949 (as amended). The duty is calculated as follows:
The authority for the administration, computation and collection of the duty is the Inland Revenue Board (IRB). There are two types of Stamp Duties: 1) Stamp Duty on Loan Amount:
2) Progressive Present Stamp Duty on Transfer of House Title:
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Exclusively For Our Negotiator -------------------------------------------------- FREE Career Seminar!! Free Legal Advice for New Bob Realty Sdn Bhd customers Sungai Petani Project Sales :- Taman Lembah Bujang IndahTaman Hidayah Taman Mewah Indah Industrial Estate in SP Redress through the Tribunal
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| Copyright© 2005 New Bob Group of Companies. All rights reserved. Last updated: 12 December, 2006 | |||||||||||||||||||||||||||||