Tag Archives: stamp duty fee

Earn More Profit With Low Trading Cost

One of my friends, Kate started trading on local stock exchange about one year ago after hearing her friends talk about catching stocks on their uptrend and receiving regular dividend payouts.

cimb brokerage fee

She didn’t have any experience but just armed with finance and accounting degree and basic understanding of business. She invested in local stock market and a few of her shares went up but she did not hold on to them. She traded aggressively sometimes making as many as 5-10 online trades per day. However, she was surprised to discover that her portfolio was making a loss due to the high brokerage fee. Thus, a brokerage fee is crucial as it will eat into the profits and may actually end up with thin gains.

Brokerage fees are mostly capped at 0.7% of the transacted value. On average, online platform provides charge a brokerage rate of 0.42% while for remisier, the rate is 0.6% of the transacted value. So, it is usually cheaper to trade online.

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Calculate Stamp Duty for Your Tenancy Agreement

Tenancy agreement is signed between the landlord and the tenant. If you use property agent service, they might ask you to use their lawyer for the agreement. The professional fees of preparing the agreement may burn a hole in your pocket. It depends on the rental value, the higher the rental value, the higher the professional fees are. However, there’s no law requires a tenancy agreement must be drafted by a lawyer. However, it is advisable engage a lawyer to advise you on the legal implication of certain terms such as preliminary search on the another party, bankruptcy search, land search and etc.

Stamp duty charges depend on the rental value and the tenancy period. For those who want to earn income from rental, it’s important for them to know the procedure of preparing tenancy agreement, to calculate the stamp duty fee for the tenancy agreement. According to Inland Revenue Board Malaysia(IRBM), the following is the stamp duty fee calculation based on the monthly rental amount.

Tenancy Agreement Stamp Duty

For tenancy agreement with annual rental exceeding RM2,400, it will charge an amount of stamp duty for every RM250 or part thereof in excess of RM2,400 depending the lease period of the tenancy agreement.

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