Finance Act 2024 · Updated to 31 Dec 2024 · Chapter IV · Amendments to the Stamp Act 1949
24. Amendment of section 20a
Feedback & supportThe Stamp Act 1949, which is referred to as the
“principal Act” in this Chapter, is amended in section 20a—
by renumbering the existing section as subsection (1);
in the renumbered subsection (1)—
by substituting for the words “, any consideration is paid or given, or agreed to be paid or given, for equality” the words “with or without consideration”; and
in paragraph (a), by substituting for the words
“the same ad valorem duty as a conveyance on sale for the consideration, and with that duty only” the words “ad valorem duty as if it were a conveyance on sale”; and
by inserting after the renumbered subsection (1)
the following subsection:
“(2) Notwithstanding subsection (1), where an instrument is chargeable with a duty in respect of an exchange of any real property for any real property or upon the partition or division of any real property, and no consideration is paid or given, or agreed to be paid or given, the instrument shall be chargeable with the duty of ten ringgit only if—
in such partition or division both transferor and transferee are the original owners of the real property;
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Finance
such exchange of real property is between any person and a Ruler of a State or the Government of Malaysia or of any State; or
such exchange of real property is between husband and wife, parent and child, grandparent and grandchild or among siblings.”.