Legal Fee & Stamp Duty for Sale & Purchase Agreement , Loan
Legal Fee’s and Stamp Duty can become confusing. Here, we explain the formulas for calculating the exact amount you need to pay.
Legal Fee Calculation Formula
| Formula | Rate |
|---|---|
| For the first RM150,000 | 1.0% |
| For the next RM850,000 | 0.7% |
| For the next RM2,000,000 | 0.6% |
| For the next RM2,000,000 | 0.5% |
| For the next RM2,500,000 | 0.4% |
| Subsequent Purchase Price | Negotiable (Subject to maximum 0.4%) |
Stamp Duty Formula (Sale & Purchase/Transfer)
| Formula | Rate |
|---|---|
| First RM100,000 | 1.0% |
| Next RM400,000 | 2.0% |
| Thereafter | 3.0% |
Stamp Duty Loan Calculation Formula
Loan Sum x 0.5%
Note: Please note that the above formula merely provides estimated stamp duty. The actual stamp duty will be rounded up according to the Stamp Act.
Still Confused? Fret not! We’ve got you covered, we designed an easy and simple Legal Fees and Stamp Duty Calculator to help you with any properties you buy and sell, just key in any value and the calculator will apply the formulas.
