Your weekly dose of tax knowledge - become tax savvy in just 2 minutes!

Q: Do I need to pay stamp duty when transferring properties to family members?

A: Transferring property attracts stamp duty, but if it is between spouses, the stamp duty can be fully exempt. Starting from 1 April 2023, instruments of transfer of property between parents and children, as well as between grandparents and grandchildren, will enjoy a full exemption from stamp duty, but only limited to the first RM1 million of the property’s value.

Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

Subscribe To Our Newsletter To Get Weekly Dose of Tax Knowledge!

We respect your email privacy

Home     Useful Articles     About Us     Contact Us     Site Map

Copyright 2024    YYC HOLDINGS SDN BHD 201501018259 (1143591-H)    All rights reserved.

YYC New Logo White Text