Stamp duty exemption for lending or financing agreements implemented from 27 February 2020 to 31 December 2020 for the financing mechanism for small and medium-sized enterprises (SMEs) approved by Negara Bank Malaysia, namely the aid mechanism for aid organisations, the mechanism for all economic sectors, the mechanism for automation and digitisation of SMEs, the agro-financial mechanism and the micro-enterprise scheme. Stamp duty is classified according to judicial and extrajudicial functions. While judicial stamp duty, better known as a judicial commission, is a fee that is imposed on the parties to the trial, stamp duty on real estate transactions falls into the category of extrajudicial taxes, as it is a one-time payment on the value of the transaction. In most countries, most stamp tax revenue comes from transportation or sales taxes. Assuming that the couple has decided to register the property in common, the current stamp duty is 5% plus the 1% registration fee. In this scenario, the overall transfer of these bonds for pair 3 Lakhs (Rs 2.50 Lakhs as stamp duty – R 50,000 as registration tax). Stamp duty exemption for instruments executed by a contractor or developer, i.e. a contractor or developer who has been commissioned or authorized by the Minister of Housing and Municipal Government to carry out renovations to an abandoned project. The instruments are loan agreements approved by the approved beneficiary and transmission instruments to transfer revitalized residential real estate related to the abandoned project. This applies to instruments implemented by emergency services or promoters on January 1, 2013 or after January 1, 2013 and no later than December 31, 2020, until December 31, 2025. Depending on the type of property, the buyer must submit a large number of documents to pay stamp duty at the time of real estate registration. The buyer is required to present some or all of the documents mentioned below at the time of registration: Projects with lower amenities: For residential projects that do not have premium amenities, stamp fees are lower.

In UP, for example, higher taxes are levied when the housing company offers different amenities. If these facilities are not really needed, it would be better to invest in projects with fewer facilities. Exemption of stamp duty on transfer instrument and loan contract for the acquisition of dwellings worth 300.001 rm30.001 to 2,500,000 RM by citizens Malaysians as part of the Home Ownership Campaign 2020/2021: “It is expected that several additional lakhs of houses will be built under the HFA with direct or indirect central subsidies. These houses will generate huge “incremental” tax revenues for states, which go beyond the normal growth in stamp duty and registration fees revenues, which are determined by economic activity. States can share some of this additional tax revenue with buyers of low-value homes by reducing or eliminating their stamp duty and registration fees. Lower prices could encourage more people to look for affordable homes. In addition to an increase in the housing stock, lower prices are a must if HFA is to succeed,” says the study entitled “A Revenue Neutral Approach to Lower Stamp Duty and Registration Charges for Affordable Housing “. Some states provide substantial discounts on stamp duty for female real estate buyers. Under Section 80C of the Income Tax Act, a homebuyer can claim a discount on the principal payment of his home loan, as well as the money paid for stamp duty and registration fees.

However, the limit is only Rs 1.50 in one year. In accordance with Section 80C, discounts are available for a large number of investments, including PF, PPF, life insurance, real estate credit capital, etc.