Extension of Stamp Duty Exemptions for Properties Purchased under the National Home Ownership Campaign 2019

Stamp Duty (Exemption) (No. 3) Order 2019 and Stamp Duty (Exemption) (No. 2) Order 2019 which exempt an instrument of transfer and loan agreement pertaining to property purchased under the National Home Ownership Campaign 2019 which is valued at more than RM300,000 but not more than RM2.5 million has been extended pursuant to Stamp (Exemption) (No. 3) Order 2019 (Amendment) Order 2019 and Stamp (Exemption) (No. 2) Order 2019 (Amendment) Order 2019 respectively. The exemptions will now apply to the aforesaid instruments which are executed pursuant to a sale and purchase agreement executed on or before 31 December 2019, instead of 30 June 2019 as stipulated in the original exemption orders.
 
Please refer to our Alert dated 20 March 2019 for the conditions that have to be fulfilled in order to qualify for relief under Stamp Duty (Exemption) (No. 2) Order 2019 and Stamp Duty (Exemption) (No. 3) Order 2019.