Calculation Sale & Purchase Agreements and Loan Agreement Legal Fees

Government Stamp Duty

STAMP DUTY ON TRANSFER

All transfer of property attracts Government Stamp Duty regardless whether the acquirer gives consideration for the transfer or not.

Value Of Property Rate Of Stamp Duty
RM1.00 to RM100,000.00. 1% from property value
RM101,001.00. to RM500,000.00. 2% from property value
RM501,000.00 and above 3% from property value

STAMP DUTY ON CHARGES
A charge on a property is an instrument created by statute, namely the National Land Code (NLC). It affords the Borrower a loan granted by a Licensed Financial Institution over the property charged. Stamp duty is calculated at the rate of approximately 0.5% of the loan amount.

SALE & PURCHASE AGREEMENT

Scale Percentage
1. First RM150,000 1%
2. RM151,000 to RM1,000,000 0.7%
3. RM1,000,001 to RM 3,000,000 0.6%
4. RM3,000,001 to RM 5,000,000 0.5%
5. RM 5,000,001 to RM 7,500,000 Negotiable but shall not exceed 0.4%

LOAN AGREEMENT
Scale Percentage
1. First RM150,000 1%
2. RM150,001 to RM1,000,000 0.7%
3. RM1,000,001 to RM 3,000,000 0.6%
4. RM3,000,001 to RM 5,000,000 0.5%
5. RM 5,000,001 to RM 7,500,000 Negotiable but shall not exceed 0.4%

STAMP DUTY ON CHARGE

Scale Percentage
Stamping of documents based on loan amount 0.5%

Note
Disbursements are chargeable in accordance with the value of the transaction and all fees attract 5% Government Service Tax (GST).