Tenancy Agreement Stamp Duty Malaysia

The landlord should have the original copy of the stamp document and the tenant the duplicate copy of the stamp document.
Tenancy agreement stamp duty malaysia. You also need to make sure you know about two additional fees that come with the renting process the stamp duty fees and administration charges for a tenancy agreement. For second copy of tenancy agreement the stamping cost is rm10. The normal stamp duty is around rm20 00. Get these agreements stamp the inland revenue board or jabatan hasil dalam negeri in your area.
Pds 1 and pds 49 a. Contoh tenancy agreement malaysia. You may check with tax office for clarification. Time whenever mentioned shall be the essence of the agreement.
April 1 2019 at 11 27 pm reply. Stamps is an electronic stamp duty assessment and payment system via internet. As for the tenancy agreement stamp duty the amount you have to pay is depending on yearly rental and duration of the agreement. Can i print the digitally signed tenancy agreement and use it for stamp duty at the tax office.
Rm24 000 rm2 400 rm21 600. Propertyguru tip the stamping is to make the tenancy agreement legal and admissible in court and is done by the inland revenue board of malaysia lhdn. Prepare two 2 copies of the tenancy agreement. Total cost involved for tenancy period of 1 year diy tenancy agreement stamp duty stamping for 2nd copy rm120 rm10 rm130.
About chat property malaysia. In summary the stamp duty is tabulated in the table below. Tenancy period 3 years payable stamp duty rm30 000 rm250 x rm4 120 x rm4 rm480 figures will be rounded up step 4. I got the following table from the lhdn office.
Jika tuan puan mencari contoh tenancy agreement boleh gunakan template di bawah. The formula for calculating that stamp duty will be. G all costs including stamp duty to this agreement shall be borne by the tenant. The tenancy agreement will only be binding after it has been stamped by the stamp office.
Above table listed are for the main copy of tenancy agreement if you have 2nd or 3rd duplicate copy the. For instance the monthly rental for a one year tenancy is rm2 000 so the annual rent is rm24 000. Instruments liable to stamp duty are those listed in the first schedule of the stamp act 1949 exemptions relief from stamp duty general exemptions under section 35 in first schedule stamp act 1949 and specific exemptions under item 2 4 and 32 in first schedule stamp act 1949. Chat property malaysia author.
April 17 2019 at 1 33 pm reply. And if the tenancy agreement has been signed for more than 3 years the stamp duty rate will be rm3 for every rm250 of the annual rent in excess of rm2 400.