Malaysian Stamp Duty & Legal Fees |
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| PROPERTY PURCHASE FEES |
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Malaysian Legal Fees for Sale and Purchase Agreement
Legal fees in Malaysia for drawing up the Sale and Purchase to completion of transfer depend on the property value as set out in the Sales and Purchase Agreement or the market value as determined by the Valuation Department.
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| Purchase from individual/public auction/developer etc |
| Value of Malaysian property |
Legal fees |
| 1st RM100,000 |
1% of property value (min RM200) |
| Next RM4.9million |
0.5% of property value |
| Thereafter |
0.25% of property value |
| Purchase from Malaysian property developer with a standard S&P Agreement |
| Value of property |
Legal fees |
| Below RM30,000 |
RM120 |
| RM30,001 - RM100,000 |
1% less 25% |
| 1st RM100,000 |
1% of property value |
| Next RM4.9 million |
0.5% of property value |
| Next RM5 million |
0.25% of property value |
| Next RM10million |
Negotiable but not exceeding 0.25% of the excess amount of RM10 million |
| There is also a 5% service tax on legal fee and lawyers' disbursements. |
Legal fees for Loan Documentation on Malaysian property
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Purchase from individual/public auction/developer etc
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Principal Instruments (Loan Agreements):
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| Loan sum |
Legal fees |
| 1st RM100,000 |
1% of loan sum (min RM200) |
| Next RM4.9million |
0.5% of loan sum |
| Thereafter |
0.25% of property value |
| For subsidiary Instruments (Collateral Documents): |
| Within section 4(3) of the Stamp Act 1949 |
10% of full scale for each principal instrument |
| Purchase from Malaysian property developer with a standard S&P Agreement |
| Loan sum |
Legal fees |
| Below RM30,000 |
RM120 |
| RM30,001 - RM100,000 |
1% of loan sum less 25% |
| All legal fees are subject to 5% service tax |
| Stamp Duty for S&P Agreement |
| Value of Property |
Stamp Duty |
| 1st RM100,000 subsequent |
1% |
| RM 100,001 - RM 500,000 |
2% |
| RM 500,001 - RM 2million |
3% |
| Above RM 2million |
4% |
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Stamp Duty for Loan Agreement
Stamp duty for the Loan Document is RM2.50 for each RM500 or part thereof of the loan amount |
| Stamp Duty for transfer of house title |
| Property Value |
Stamp Duty |
| 1st RM100,000 |
1% |
| Next RM400,000 |
2% |
| Next RM1.5 million |
3% |
| Thereafter |
4% |
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Overseas buyers of property in Malaysia will also have to budget approximately RM1,000 (about £150.00) for FIC approval (plus RM200/£30.00 fees) and around RM1,000 (about £150.00) for state authority consent (plus RM200/£30.00 fees).
All in transaction costs for Malaysian property transactions should not exceed 5% of the property purchase price (below RM 2 million)
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Stamp Duty & Legal Fees 
