2022/2023 Stamp Duty Exemption and Remission under i-Miliki Home Ownership Programme for First Home Buyers
The Malaysian government’s i-Miliki initiative introduces updates to the Stamp Duty Exemption and Remission program, aiming to boost home ownership. With attractive incentives, individuals purchasing residential properties within specific price ranges can benefit from significant stamp duty exemptions and remissions. By reducing the financial burden associated with property transactions, these measures encourage affordable housing and stimulate economic growth. Eligibility requirements, such as executing a Sale and Purchase Agreement and not owning any previous residential property, ensure that the benefits reach those in need. Through these updates, the government aims to create a more inclusive and accessible housing market for Malaysian citizens.
