Pengecualian duti setem rumah pertama, projek terbengkalai dicadang disemak semula

The Malaysian government is considering revisiting the exemption for first-time homebuyers' stamp duty to help support home ownership among the nation's citizens. The Finance Ministry has outlined this in its 2027 FY Budget Steps document, which will come into effect for contracts signed from 1 Jan 2027 to 31 Dec 2030. Currently, stamp duty exemption of up to RM500,000 is given for a first-time homebuyer's purchase.

This exemption also applies to luxury homes priced between RM500,000 and RM750,000, with the first RM500,000 receiving a full exemption, while the remaining amount benefits from a 50% exemption. The proposal aims to support the Madani Housing Reform program, which aims to achieve the targets for abandoned housing projects by 2030.

The exemption will be given to contractors, rehabilitation workers, and original buyers of abandoned housing, including those with mortgage contracts and transfer of ownership documents, under the Ministry of Housing and Local Government's approval. Currently, for contractors and rehabilitation workers, the relevant exemption covers financing loans and land or housing development transfer documents.

For original buyers of abandoned housing, the exemption applies to additional financing loans and transfer of ownership documents for residential property. Stamp duty exemption of 100% is already given for first-time homebuyers' purchases up to RM500,000, which has been in effect since 1 Jan 2021 to 31 Dec 2027.