Full 舣% exemption of stamp duty on the instrument of transfer of property by way of love and affection between parents and children, grandparents and grandchildren

Full % exemption of stamp duty on the instrument of transfer of property by way of love and affection between parents and children, grandparents and grandchildren up to the first RM1.0 million of the property's market value.  A 50% exemption will be given on the stamp duty imposed on the remaining balance (i.e., amount exceeding the first RM1 million) of the immovable property’s market value.

The exemption will only apply if:

(a)   The instrument of transfer is executed on or after 1 April 2023, and

(b)  The recipient is a Malaysian citizen