Now I only realize that there’ll have 50% stamp duty exemption on transfer for the purchasing house which costing not more than RM250,000. This stamp duty will be charged on any loan agreement that is executed between buyer and bank. However, it’s only applicable not later than 31st December 2010.
If you are the first time home buyer and plan to buy a house at price RM260k. Then, it’s advisable to make it below RM250k to eligible for the 50% stamp duty exemption. Previously, if let say your house cost RM250k, then stamp duty will be RM4k which calculated as below: