Malaysia legislation
Section 29
Section 29
The First Schedule to the principal Act is amended—
(a)
in relation to item 4, in the column “Description of
Instrument”, under “Exemptions”, in paragraph (b), by substituting for the words “RM300 per month”
the words “RM3,000 per month”; and
22
Act 874
(b)
in relation to item 32—
(i)
in the column “Description of Instrument”, in paragraph (aa), by substituting for the words
“except stock,” the words “except residential property, stock,”;
(ii)
by inserting after paragraph (aa) and the particulars relating to it the following paragraph and particulars:
Item Description of Instrument
“(ab) On sale of any residential property from 1 January 2026
to a foreign company or a person who is not a citizen and not a permanent resident
Proper Stamp Duty
RM8.00 for every
R M 1 0 0 . 0 0 o r fractional part of
RM100.00 of the amount of the money value of the consideration or the market value of the residential property, whichever is the greater”
; and
(iii)
in the column “Proper Stamp Duty”, in subparagraph (e)(i), by inserting after the words “Duty as in (a), (aa),” the words “(ab),”.
Amendment of Third Schedule