Tenancy Agreement Malaysia Stamp Duty
Next rm 90000 rental 20 of the monthly rent.
Tenancy agreement malaysia stamp duty. All you need is a registered account with us. For instance the monthly rental for a one year tenancy is rm2 000 so the annual rent is rm24 000. The formula for calculating that stamp duty will be.
Enter the monthly rental duration number of additional copies to be stamped. Online calculator to calculate tenancy agreement stamp duty. Chat property malaysia author.
Sale purchase of property seller s stamp duty note. How do i calculate the stamp duty payable for the tenancy agreement. 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. Rm24 000 rm2 400 rm21 600. Tenancy period 3 years payable stamp duty rm30 000 rm250 x rm4 120 x rm4 rm480 figures will be rounded up step 4.
In summary the stamp duty is tabulated in the table below. For second copy of tenancy agreement the stamping cost is rm10. April 1 2019 at 11 27 pm reply.
To use this calculator. First rm 10 000 rental 50 of the monthly rent. 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.
Registered account if you perform e stamping frequently you may wish to sign up as a corppass user and enjoy additional features. Pay seller s stamp duty or claim for seller s stamp duty remission for housing developers for agreements relating to disposal of properties. Pds 1 and pds 49 a.
Total cost involved for tenancy period of 1 year diy tenancy agreement stamp duty stamping for 2nd copy rm120 rm10 rm130. About chat property malaysia. Can i print the digitally signed tenancy agreement and use it for stamp duty at the tax office.
While paying the stamp duty there are 2 application forms which you need to submit. The amount paid would be calculated based on the annual rent. Stamp duty is computed based on the consideration paid or the market value of the property whichever is the higher amount.
April 17 2019 at 1 33 pm reply. You may check with tax office for clarification. I got the following table from the lhdn office.
Legal fee for tenancy agreement period of above 3 years. 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.
