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Total stamp duty exemption for the transmission instrument in connection with the acquisition by a Malaysian citizen of the first residential property worth no more than RM 500,000 under the National Housing Department`s rent-to-own (RTO) system. The exemption is made in two stages of the transfer, i.e. from the real estate developer (PD) to a qualified financial institution (FI) and from the IF to the Malaysian citizen. The exemption is subject to the implementation of the following agreements between 1 January 2020 and 31 December 2022, namely.dem purchase and sale contract between FI and the RTO agreement between FI and the Malaysian citizen. In the case of the landlord and tenant, leases often become moot for a variety of reasons. Sometimes this can be due to inattention and sometimes to the fact that parties want to save money and avoid stamp duty. People may wonder why I write about contracts and agreements, because they think that everyone already understands these simple and fundamental things. But does Joe Public really know contracts and deals when he doesn`t deal with them often? For example, your landlord wants to drive you out of the house after renting his house for two months. But in the agreement, it says that you can stay in the house for 2 years. You will take this matter to court to resolve your dispute.

Now, whether your agreement is stamped or not, it makes a big difference. In point 2), it states that „any promise and any set of promises mutually taken into account is an agreement.“ Under common law terminology, an offer and acceptance is an agreement. Suppose you signed your lease on July 1. Two months later, on September 5, you have an argument with your landlord. You already have the buffer period, which is 30 days. This means that you are in the category (a) that requires them to pay the initial RM10 tax, plus a 5% penalty of the original tax or RM25, depending on the highest time. Obviously, RM25 is higher, so in total you should pay RM35. But even if your agreement has no stamp, it does not mean that it is invalid. You could still take it to court, but you have to have it stamped now, and pay a small penalty for not doing it before.