Continuance of stamp duty exemption will help house buyers, says Kor Ming | The Malaysian Insight

Local Government Development Minister Nga Kor Ming urges developers to take advantage of the stamp duty exemption, which will continue until 2025, to promote their housing projects. – The Malaysian Insight file pic, June 11, 2023.

Local Government Development Minister Nga Kor Ming said the ministry’s proposal to the Finance Ministry to continue the initiative will help the people to save up to buy a house. On June 9, the MOF announced that first time house buyers will continue to enjoy a 100% stamp duty exemption for purchases not exceeding RM500,000 via the Malaysian Home Ownership Initiative .

The stamp duty exemption applies to sale and purchase agreements executed from June 1, 2022 until December 31, 2023.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

First-time house buyers to continue enjoying stamp duty exemptionKuala Lumpur: First-time house buyers will continue to enjoy a 100 per cent stamp duty exemption for purchases not exceeding RM500,000 via the Malaysian Home Ownership Initiative (i-Miliki) as provided for under Budget 2023, said the Finance Ministry (MoF).
Source: DailyExpress_MY - 🏆 3. / 83 Read more »