Stamp Duty on Memoranda Transfers for Vide Love and Affection between Parent and Child or Grandparent and Grandchildren

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In Malaysia, stamp duty for the abovesaid type of transfer is subject to a nominal stamp duty of RM10.00. However, subject to Stamp Duty (Exemption) Order (No. 3 ) Order 2023 [P.U. (178)], should the property be valued by the valuation branch of the Lembaga Hasil Dalam Negeri as exceeding RM1,000,000.00 in market value, stamp duty shall be chargeable over the amount exceeding RM1,000,000 at a rate of fifty percentum (50%) of the stamp duty chargeable.

This Order is applicable to the aforesaid type of transfer if the transfer is executed after 1^st April 2023, the subject property is immoveable property (ie land and buildings) and the recipient is a Malaysian citizen.