Stamp Duty


 I just added 2 new online calculators which I think will be useful, especially for property investors out there. These calculators made specifically for property investors who rent out their property.

First, Property Rental Yields Calculator use to determine whether a property worth to be invested as rental income. Second, Tenancy Agreement Stamp Duty Calculator to find our the cost to stamp the rental agreement.

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To use this calculator:

  • Enter the monthly rental, duration & number of additional copies to be stamped.


Calculators



Budget MalaysiaPrime Minister Datuk Seri Najib Razak, who is also Finance Minister, unveiled 2015 budgets in the Parliaments on Friday, 10th October 2014. The theme for 2015 Budget “Accelerating Growth, Ensuring Fiscal Sustainability and Prospering the Rakyat.”

In 2015, economic growth is expected to remain strong between 5% and 6% while the fiscal deficit is projected to further decline to 3% of GDP.

The 2015 budget is formulated with focus on the people’s economy and outlines seven main strategies:

First Strategy: Strengthening Economic Growth;

Second Strategy: Enhancing Fiscal Governance;

Third Strategy: Developing Human Capital and Entrepreneurship;

Fourth Strategy: Advancing Bumiputera Agenda;

Fifth Strategy: Upholding Role of Women;

Sixth Strategy: Developing National Youth Transformation Programme; and

Seventh Strategy: Prioritising Well-Being of the Rakyat.

The following are 2014 Budget highlights for Personal Finance and Investment.

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To use the calculator key in the property price. The calculator will automatically calculate total legal or lawyer fees (with 6% service tax & disbursement) and stamp duty or Memorandum of Transfer (MOT).

For property price exceeding RM7.5 million, legal fees of the excess RM7.5 million is negotiable but subjected to maximum of 0.4%.

If you have any comments or looking for more information please leave it in “How to Calculate Legal Fees & Stamp Duty when Buying a Property?” post.


A calculator set up for Australia is available at http://www.hsbc.com.au/1/2/personal/home-loans/calculators/stamp-duty/