Stamp Duty on Property Transfers in Malaysia: What Buyers Should Budget For
Most first-time buyers focus on the purchase price and the monthly loan instalment, then discover that a string of additional costs sits between signing the agreement and collecting the keys. Stamp duty is usually the largest of these. It is a tax on legal documents, and in Malaysia it is calculated on the value of the property or the amount borrowed, which means the sum can run into tens of thousands of ringgit. Understanding how it works before you commit…