Stamp duty
11 important questions on Stamp duty
What conditions must be fulfilled for S15A full exemption on stamp duty?(90%GAI)
- Transfer of property occurs between associated companies.(90% SHH)
- Transfer achieves greater efficiency in operation.
- Transferee company is incorporated in Malaysia.
What is the duty charged on, according to the stamp duty notes?
What happens if the property was previously transferred by a non-associated person?
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How does a change in share capital affect S15A?
When is S15A withdrawn due to consideration?
On what basis is the above duty imposed for property transactions?
What condition involving property disposal leads to S15A withdrawal?
Within how many days must an instrument be stamped from the date of execution?
What are the penalties for late stamping of instruments?
- If within 3 months: Higher of RM50 or 10% x unpaid tax
- If >3 months: Higher of RM100 or 20% x unpaid tax
What is the stamp duty exemption for property transfer between parents and children?
- First RM1 million of the property value – 100% exemption
- Any amount in excess of RM1 million – 50% remission
What condition must be met for stamp duty exemptions for individuals?
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