No increase in stamp duty for properties above RM1m next year, says MoF

KUALA LUMPUR (Dec 2017): The government will not proceed with the proposal to increase stamp duty rates from 3% to 4% on transfer instruments (Form 14A) for properties worth more than RM1 million starting Jan 1, 2018 as announced by the Prime Minister during Budget 2017.

In a statement today, the Ministry of Finance said the stamp duty rate shall be maintained and remain as it is.

Currently, the rates are 1% for properties worth up to RM100,000, 2% for RM100,001 to RM500,000, and 3% for properties worth more than RM500,001.