The Government has proposed extending the full stamp duty exemption on transfer instruments and loan agreements for first-time homebuyers purchasing homes priced up to RM500,000 for another two years, until 31 December 2027, Prime Minister Datuk Seri Anwar Ibrahim said.
Tabling Budget 2026, Anwar said the Government also plans to impose a flat stamp duty rate of between 4% and 8% on the transfer of ownership of residential properties by non-citizens and foreign companies, excluding permanent residents of Malaysia, who will continue to be treated similarly to local citizens.
He said the measures are aimed at ensuring a more competitive property market while helping to manage house price increases for the benefit of Malaysians.
In addition, the Government has proposed a special tax deduction of up to 10% of eligible expenses, capped at RM10 million, for the renovation and conversion of commercial buildings into residential units.
The Memorandum of Transfer (MOT) is the legal document used to officially register property ownership changes and is submitted to the Land Office after the Sale and Purchase Agreement (SPA) is signed.
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