Tenancy Agreement Stamp Duty Calculator
The formula for calculating that stamp duty will be.
Tenancy agreement stamp duty calculator. The standard stamp duty chargeable for tenancy agreement are as follows rental for every rm 250 in excess of rm 2400 rental. Sdlt is a tax levied on tenancy transactions paid by tenants and is calculated on the amount of gross rent for the term of the tenancy less a pre set discount temporal discount rate currently 3 5. 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. Total cost involved for tenancy period of 1 year diy tenancy agreement stamp duty stamping for 2nd copy rm120 rm10 rm130.
Stamp duty payable 0 4 of the rent for the extended period from 1 jan 2021 31 mar 2021 0 4 x 10 000 x 3 120 for rates. Home malaysia law firm malaysia law statutes legal fee stamp duty for sale purchase agreement loan the calculation formula for legal fee stamp duty is fixed as they are governed by law. We recommend you to download easylaw phone app calculator to calculate it easily. In summary the stamp duty is tabulated in the table below.
For second copy of tenancy agreement the stamping cost is rm10. As for the tenancy agreement stamp duty the amount you have to pay is depending on yearly rental and duration of the agreement. Variation of lease supplemental agreement before lease commences. Above table listed are for the main copy of tenancy agreement if you have 2nd or 3rd duplicate copy the.
Online calculator to calculate tenancy agreement stamp duty. Rm24 000 rm2 400 rm21 600. I got the following table from the lhdn office. The amount of stamp duty currently payable on the instrument will be shown.
The sdlt threshold was raised in march 2005 to 120 000 and in march 2006 to 125 000. For instance the monthly rental for a one year tenancy is rm2 000 so the annual rent is rm24 000. Enter the monthly rental duration number of additional copies to be stamped. The above calculator is for legal fees and or stamp duty in respect of the principal document only.
To use this calculator. How do i calculate the stamp duty payable for the tenancy agreement. Please contact us for a quotation for services required. Lease or tenancy agreement.