SIM & RAHMAN
The calculation formula for Legal Fee & Stamp Duty is fixed as they are governed by law.
Please contact us for a quotation for more accurate fees.
STAMP DUTY CALCULATOR
Legal Fee - Sale & Purchase Agreement/ Loan Agreement
Legal Fee Calculation Formula
Formula | Rate |
|---|---|
| For the first RM500,000 | 1.25% |
| For the next RM7,000,000 | 1.0% |
| Subsequent Purchase Price | 0.5% |
| Property Purchase Price (MYR) : | |
| Negotiated Rate (max 0.5%) : | |
| Total Legal Fees Payable : |
Stamp Duty - Sale & Purchase/ Transfer
Formula | Rate |
|---|---|
| First RM100,000 | 1% |
| Next RM400,000 | 2% |
| Next RM500,000 | 3% |
| Thereafter | 4% |
| Property Selling Price/Market Value (MYR) : (Whichever is higher) |
|
| Total Stamp Duty Payable by Purchaser : |
Stamp Duty - Loan
Stamp Duty Loan Calculation Formula
The Property Price must be less than RM500,000.
– Stamp duty exemption is capped at RM300,000 on the property market value and loan amount.
(Loan Sum – 300000) X 0.5%
The Property Price greater than RM500,000.
Loan Sum x 0.5%
Note: Please note that the above formula merely provides estimated stamp duty. The actual stamp duty will be rounded up according to the Stamp Act.
| Property Selling Price/Market Value (MYR) : (Whichever is higher) |
|
| Total Stamp Duty Payable by Purchaser : |
Home Loan
| Total Purchase Price (MYR) : | |
| Margin of Finance (%) : | |
| Total Loan Amount (MYR) : | |
| Interest Rate (%) : | |
| Loan Tenure (years) : | |
| Monthly Installment (MYR) : |
Tenancy Agreement Stamp Duty Calculator
How much is the stamp duty for a tenancy agreement?
The stamp duty for a tenancy agreement is payable by the tenant whereas the copy is payable by the landlord. The stamp duty for a tenancy agreement in Malaysia is calculated as the following:
1-year tenancy agreement
RM1 for every RM250 of the annual rental above RM2,400. The stamp duty is free if the annual rental is below RM2,400.
Tenancy agreement between 1 to 3 years
RM2 for every RM250 of the annual rent above RM2,400. The stamp duty is free if the annual rental is below RM2,400.
Over 3-years tenancy agreement
RM4 for every RM250 of the annual rental above RM2,400. The stamp duty is free if the annual rental is below RM2,400.
To make things easier, you can follow this formula:
Calculation example:
If you want to rent out your unit at RM2,700 per month, your annual rental would be RM32,400 (RM2,700 per month x 12 months).
As the first RM2,400 is exempted from stamp duty, the taxable rental amount would be RM30,000 (RM32,400– RM2,400).
The stamp duty would be charged according to the duration of the tenancy (refer to the amounts at the start of this segment).
As the case for this example (rent of RM2,700 per month), the final stamp duty fee is as the following:
1 year or less:
[(2700 x 12) – 2400]/ 250 x RM1 = RM120
Two copies need to be stamped, one for the landlord and one for the tenant. The additional copy of the stamped tenancy agreement is RM10.
> 1 to 3 years:
[(2700 x 12) – 2400]/ 250 x RM2 = RM240
> 3 years:
[(2700 x 12) – 2400]/ 250 x RM4 = RM480
It is best to get original copies stamped for each party; one for the tenant, one for the landlord, and another one for the agent (if applicable). Also note that if the amount you get after you deduct the exemption of RM2,400 from the rental per annum is NOT a multiple of 250, you need to round that figure up to the nearest (and highest) 250.
| Monthly Rental (MYR) : | |
| Duration (Year) : | |
| Yearly Rental (MYR) : | |
STAMP DUTY | |
| First MYR 2,400 : | |
| Remaining MYR : | |
| Additional Copy (MYR 10 per copy) : | |
| TOTAL (MYR) : | |
Disclaimer: We have made every effort to ensure the accuracy and correctness of the calculations, contents, information or data contained in this section. However, we do not represent or warrant the truth, accuracy, completeness and correctness of the same. We accept no liability for loss or damage suffered or incurred by you or your estate as a result of your reliance on the material above or howsoever arising from the use of the information or material presented herein. This page is intended for general awareness purposes only and should not amount to any form of advice.
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