Is PERINTAH DUTI SETEM (PENGECUALIAN) (NO. 4) 2019 still in force?

Yes — PERINTAH DUTI SETEM (PENGECUALIAN) (NO. 4) 2019 is currently in force.

When did PERINTAH DUTI SETEM (PENGECUALIAN) (NO. 4) 2019 take effect?

PERINTAH DUTI SETEM (PENGECUALIAN) (NO. 4) 2019 was first recorded in 2019.

How many sections does PERINTAH DUTI SETEM (PENGECUALIAN) (NO. 4) 2019 have?

PERINTAH DUTI SETEM (PENGECUALIAN) (NO. 4) 2019 contains 2 sections.

Where can I read the official version of PERINTAH DUTI SETEM (PENGECUALIAN) (NO. 4) 2019?

The official text of PERINTAH DUTI SETEM (PENGECUALIAN) (NO. 4) 2019 is published at lom.agc.gov.my.

/akn/my/act/pua/2019/394

PERINTAH DUTI SETEM (PENGECUALIAN) (NO. 4) 2019

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Type: P.U. (A)
Status: In force
Enacted: 2019
Sections: 4

Quick answer

About this p.u. (a)

PERINTAH DUTI SETEM (PENGECUALIAN) (NO. 4) 2019 is Malaysia P.U. (A), cited as P.U. (A) 394 2019, currently marked in force and first recorded in 2019.

Opening note

Preamble

PADA menjalankan kuasa yang diberikan oleh subseksyen 80(1) Akta Setem 1949 [Akta 378], Menteri membuat perintah yang berikut: Nama dan permulaan kuat kuasa

Seksyen 1

(1)

Perintah ini bolehlah dinamakan Perintah Duti Setem (Pengecualian)

(No. 4) 2019.

(2)

Perintah ini mula berkuat kuasa pada 1 Januari 2020.

Pengecualian

Seksyen 2

(1)

Tertakluk kepada subperenggan (2), (3) dan (4), surat cara pindah milik yang disempurnakan antara pemindah dengan penerima pindahan di peringkat sebagaimana yang dinyatakan dalam Jadual di bawah Skim Sewa untuk Memiliki bagi pembelian satu unit harta kediaman sahaja yang bernilai tidak melebihi lima ratus ribu ringgit (RM500,000.00) hendaklah dikecualikan daripada duti setem.

(2)

Pengecualian di bawah subperenggan (1) hendaklah hanya boleh diberikan sekiranya—

(a)

perjanjian jual beli antara pemaju perumahan dengan institusi kewangan bagi pembelian harta kediaman tersebut disempurnakan pada atau selepas 1 Januari 2020 tetapi tidak lewat daripada 31 Disember 2022 dan disetemkan di mana-mana cawangan

Lembaga Hasil Dalam Negeri Malaysia;

(b)

perjanjian sewa untuk memiliki antara individu dengan institusi kewangan bagi penyewaan harta kediaman tersebut disempurnakan pada atau selepas 1 Januari 2020 tetapi tidak lewat daripada 31 Disember 2022;

P.U. (A) 394 3

(c)

perjanjian jual beli antara institusi kewangan dengan individu bagi pembelian harta kediaman tersebut disetemkan di mana-mana cawangan Lembaga Hasil Dalam Negeri Malaysia;

(d)

nilai harta kediaman hendaklah berdasarkan harga belian dalam perjanjian jual beli antara pemaju perumahan dan institusi kewangan; dan

(e)

individu itu tidak pernah memiliki apa-apa harta kediaman termasuk suatu harta kediaman yang diperoleh secara pewarisan atau pemberian, yang dipegang sama ada secara individu atau bersama.

(3)

Bagi maksud subsubperenggan (2)(b)—

(a)

tempoh penyewaan di bawah perjanjian sewa milik antara individu dengan institusi kewangan hendaklah tidak melebihi lima tahun;

dan

(b)

penyewa itu boleh memilih untuk membeli harta kediaman itu selepas tempoh penyewaan setahun.

(4)

Permohonan bagi pengecualian di bawah subperenggan (1) hendaklah disertakan dengan surat akuan berkanun di bawah Akta Akuan Berkanun 1960

[Akta 783] oleh individu yang disebut dalam subperenggan (1) yang mengesahkan bahawa individu itu tidak pernah memiliki apa-apa harta kediaman termasuk suatu harta kediaman yang diperoleh secara pewarisan atau pemberian, yang dipegang sama ada secara individu atau bersama.

P.U. (A) 394 4

(5)

Dalam perenggan ini—

“harta kediaman” ertinya suatu rumah, suatu unit kondominium, suatu pangsapuri atau suatu rumah pangsa, yang dibeli atau diperoleh semata-mata untuk digunakan sebagai suatu rumah kediaman, dan termasuk suatu pangsapuri perkhidmatan yang baginya pemaju perumahan itu telah mendapat suatu lesen pemaju perumahan dan suatu permit iklan dan jualan di bawah Akta Pemajuan

Perumahan (Kawalan dan Pelesenan) 1966 [Akta 118];

“individu” ertinya seorang pembeli atau pembeli bersama, yang merupakan warganegara Malaysia;

“institusi kewangan” ertinya suatu institusi kewangan yang dikawal selia oleh

Bank Negara Malaysia yang telah mendapat kelulusan Bank Negara Malaysia untuk menawarkan Skim Sewa untuk Memiliki;

“pemaju perumahan” ertinya seorang pemaju perumahan yang telah mendapat suatu lesen pemaju perumahan dan suatu permit iklan dan jualan di bawah Akta

Pemajuan Perumahan (Kawalan dan Pelesenan) 1966; dan

“Skim Sewa untuk Memiliki” ertinya suatu skim pembiayaan alternatif di bawah

Kerajaan Malaysia yang dikawal selia oleh Jabatan Perumahan Negara, Kementerian

Perumahan dan Kerajaan Tempatan bagi membantu pemilikan rumah di mana suatu harta kediaman dibeli dan disewakan dahulu oleh suatu institusi kewangan dan seterusnya penyewa itu diberi pilihan untuk membeli harta kediaman tersebut berdasarkan prinsip patuh Shariah.

Jadual

JADUAL

Peringkat

Pemindah

Penerima pindahan

Pindah milik pertama

Pemaju perumahan

Institusi kewangan

Pindah milik kedua

Institusi kewangan

Individu

P.U. (A) 394 5

Dibuat 30 Disember 2019

[Perb. MOF.TAX(S)700-1/3/11; PN(PU2)159/XXXVII]

LIM GUAN ENG

Menteri Kewangan

P.U. (A) 394 6

STAMP ACT 1949

STAMP DUTY (EXEMPTION) (NO. 4) ORDER 2019

IN exercise of the powers conferred by subsection 80(1)

of the

Stamp Act 1949 [Act 378], the Minister makes the following order:

Citation and commencement 1.

(1)

This order may be cited as the Stamp Duty (Exemption) (No. 4)

Order 2019.

(2)

This Order comes into operation on 1 January 2020.

Exemption 2.

(1)

Subject to subparagraphs (2), (3) and (4), instrument of transfer executed between the transferor and the transferee at the stage as specified in the

Schedule under the Rent-to-Own Scheme for the purchase of only one unit of residential property the value of which is not more than five hundred thousand ringgit

(RM500,000.00) shall be exempted from stamp duty.

(2)

The exemption under subparagraph (1) shall only be granted if—

(a)

the sale and purchase agreement between the developer and the financial institution for the purchase of the residential property is executed on or after 1 January 2020 but not later than 31 December 2022 and is stamped at any branch of the Inland

Revenue Board of Malaysia;

(b)

the rent-to-own agreement between the individual and the financial institution for the rental of the residential property is executed on or after 1 January 2020 but not later than 31 December 2022;

P.U. (A) 394 7

(c)

the sale and purchase agreement between the financial institution and the individual for the purchase of the residential property is stamped at any branch of the Inland Revenue Board of Malaysia;

(d)

the value of the residential property shall be based on the purchase price in the sale and purchase agreement between the developer and the financial institution; and

(e)

the individual has never owned any residential property including a residential property which is obtained by way of inheritance or gift, which is held either individually or jointly.

(3)

For the purpose of subsubparagraph (2)(b)—

(a)

the period of rental under the rent-to-own agreement between the individual and the financial institution must not exceed five years;

and

(b)

the tenant may opt to purchase the residential property after a rental period of one year.

(4)

The application for the exemption under subparagraph (1) shall be accompanied by a statutory declaration under the Statutory Declarations Act 1960

[Act 783] by the individual referred to in subparagraph (1) confirming that the individual has never owned any residential property including a residential property which is obtained by way of inheritance or gift, which is held either individually or jointly.

(5)

In this paragraph—

“residential property” means a house, a condominium unit, an apartment or a flat, purchased or obtained solely to be used as a dwelling house, and includes a service apartment for which the property developer has obtained

P.U. (A) 394 8

a housing developer’s licence and an advertisement and sale permit under the

Housing Development (Control and Licensing) Act 1966 [Act 118];

“individual” means a purchaser or co-purchaser, who is a Malaysian citizen;

“financial institution” means a financial institution regulated by Bank Negara

Malaysia which has obtained the approval of Bank Negara Malaysia to offer the

Rent-to–Own Scheme;

“property developer” means a property developer who has obtained a housing developer’s licence and an advertisement and sale permit under the Housing

Development (Control and Licensing) Act 1966; and

“Rent-to-Own Scheme” means an alternative financing scheme under the

Government of Malaysia which is regulated by the National Housing Department,

Ministry of Housing and Local Government to assist home ownership wherein a residential property is initially purchased and rented out by a financial institution and subsequently the tenant is given an option to purchase that residential property based on Shariah compliant principles.

Jadual

Stage

Transferor

Transferee

First transfer

Property developer

Financial institution

Second transfer

Financial institution

Individual

Made 30 December 2019

[Perb. MOF.TAX(S)700-1/3/11; PN(PU2)159/XXXVII]

LIM GUAN ENG

Minister of Finance

Common questions

What is PERINTAH DUTI SETEM (PENGECUALIAN) (NO. 4) 2019?: PERINTAH DUTI SETEM (PENGECUALIAN) (NO. 4) 2019 is Malaysia P.U. (A), cited as P.U. (A) 394 2019, currently marked in force and first recorded in 2019.
Is PERINTAH DUTI SETEM (PENGECUALIAN) (NO. 4) 2019 still in force?: Yes — PERINTAH DUTI SETEM (PENGECUALIAN) (NO. 4) 2019 is currently in force.
When did PERINTAH DUTI SETEM (PENGECUALIAN) (NO. 4) 2019 take effect?: PERINTAH DUTI SETEM (PENGECUALIAN) (NO. 4) 2019 was first recorded in 2019.
How many sections does PERINTAH DUTI SETEM (PENGECUALIAN) (NO. 4) 2019 have?: PERINTAH DUTI SETEM (PENGECUALIAN) (NO. 4) 2019 contains 2 sections.
Where can I read the official version of PERINTAH DUTI SETEM (PENGECUALIAN) (NO. 4) 2019?: The official text of PERINTAH DUTI SETEM (PENGECUALIAN) (NO. 4) 2019 is published at lom.agc.gov.my.