Finance (No. 2) Act 2023 · Updated to 29 Dec 2023 · Chapter IV · Amendments to the Stamp Act 1949
68. Amendment of First Schedule
Feedback & supportThe First Schedule to the principal Act is amended—
in subparagraph 27(a)(ii), in the column “Proper Stamp
Duty” by deleting the words “but the total duty payable shall not exceed RM2,000”; and
in Item 32—
by inserting after paragraph (a) and the particulars relating to it the following paragraph and particulars:
“(aa)
On sale of any property
(except stock, shares, marketable securities and accounts receivables or book debts of the kind mentioned in paragraph (c)) to a foreign company or a person who is not a citizen and not a permanent resident
RM4.00 for every RM100
or fractional part of RM100
of the amount of the money value of the consideration or the market value of the p r o p e r t y , whichever is the greater.
”; and
by substituting for paragraph (h) and the particulars relating to it the following paragraph and particulars:
“(h)
Of any property—
by way of gift (whether by way of voluntary disposition or otherwise)
by way of release or renunciation by a beneficiary of a deceased estate to another beneficiary entitled under the same estate
See Gift and subsection 16(1)
RM10.00