Connect with us

Hi, what are you looking for?


No Plans Yet To Exempt Stamp Duty For Transfer Of Property From Parents To Children – Tengku Zafrul

KUALA LUMPUR, Dec 17 — The government has no plans to provide stamp duty exemption for transfer of property from parents to children at this time, said Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.

He said based on the existing procedure, the exemption of 100 percent in stamp duty is only for the transfer of assets between husband and wife.

“The government has announced a remission of  50 percent in stamp duty for transfer of property based on love between parents and children.

“This is to encourage property transfer between parents and children to be done when they are still alive to avoid problems in property claims after the death of one of the parties concerned,” he said during the Ministers Question Time in the Dewan Rakyat, today.

He said this in response to a question from Datuk Mohd Nizar Zakaria (BN-Parit) on stamp duty for property transfer from parents to children.

Tengku Zafrul said the remission of the stamp duty was also intended to reduce cases of inheritance claims in court.

He said the stamp duty remission was applicable since January 1 this year and only involved recipients who are Malaysian citizens.

Sources: BERNAMA

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


Georgia Tann was actually an American child trafficker who operated the Tennessee Children’s Home Society, an adoption agency located specifically in Memphis, Tennessee. She...


Children spend about 6 to 7 hours each day in school on average, and they may spend many after-school hours online or in-person with...


KUALA LUMPUR, Oct 18  — Experts have thrown their support behind the government’s move to wait for the results of studies and obtain adequate data...


Children’s behavior can be really unpredictable sometimes. This is because they could be annoying and hard to deal with at some point and then...

Copyright © 2021 Siakap Keli Sdn. Bhd.