News

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

Adib Mohd

Recent Posts

The First 72 Hours After a Stroke, Crucial for Recovery and Saving Lives

Did you know that you could lose approximately 1.9 million neurons after a stroke hit?… Read More

13 hours ago

Huawei ICT Academy Will Level Up Your Digital Mastery

Huawei Technologies (Malaysia) Sdn Bhd (Huawei Malaysia) and Universiti Teknologi MARA (UiTM) Johor are collaborating… Read More

13 hours ago

Malaysia Faces Rising Dementia Care Burden as Families Struggle Alone

Malaysia Faces Rising Dementia Care Burden as Families Struggle Alone Malaysia’s rapidly aging population is… Read More

20 hours ago

From Oval Office to Silver Screen: Trump Cameo Legacy You Can Never Recreate

From Oval Office to Silver Screen: Trump Cameo Legacy You Can Never Recreate Imagine you… Read More

20 hours ago

Step In, Stand Out, Converse Introduces Malaysia’s All Star Class of 2026

Are you ready to meet your new classmates? Converse Malaysia will bring you into a… Read More

2 days ago

IKEA Malaysia Crowns Three Ultimate Cook-Off Champions

The heat was on and creativity was unleashed. On 4 and 5 October 2025, over… Read More

2 days ago

This website uses cookies.