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Q : 50% discount of the stamp duty
Category : General Topics       Location : Sarawak
May I know 50% discount for the stamp duty still available for the 1st time house buyer? What is the offer date? If I have a name of the previous house and this time I share with my wife to buy another house. Just want to know whether she can entitled for 50% discount of the stamp duty or totally not entitled for it. My house is under 350K. Thank you.
By JIMMY CHIN, 05-May-2011.

 
Raymond Chu answered : 29-Jun-2011.
If either party would wish to seek remittance of stamp duty from the LHDN, it is important to put a statutory declaration to that effect. The discretion lies with the stamp office after considering various factors ie. the eligibility of 1st house purchaser below RM350,000 and not having submitted any claims before. ALso, if the claimant has not contributed to the value of the property directly in a pecuniary meaning, essentially, it makes no sense to allow one half owner to seek remittance when technically, no direct contribution was made by the same individual towards the purchase price at the date when the agreement was signed in the first place. Therefore, the real purpose of stamp remittance is towards relieving the burden of the purchaser being the sole contributor of financing the purchase. This is especially true, in first party charge for the bank relies upon the named individual to settle the arrears of the loan sum by instalments.
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Vincent Woon answered : 07-May-2011.
yes still available 50% stamp duty.
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