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STAMP DUTY (REMISSION) ORDER 2008

PU(A) 211/2008

19 JUNE 2008
JIL 52; NO 13; 19 JUNE 2008; TAMBAHAN NO 63; PERUNDANGAN (A)

IN exercise of the powers conferred by subsection 80(2) of the Stamp Act 1949[Act 378], the Minister makes the following order:

 1.  Citation and commencement

(1) This order may be cited as the Stamp Duty (Remission) Order 2008.

(2) This Order is deemed to have come into operation on 8 September 2007.

2.  Remission

(1) Fifty percent of the stamp duty chargeable on any instrument of transfer is remitted for the purchase of one unit only of residential property by an individual costing not more than RM250,000 in relation to a Sale and Purchase Agreement executed on or after 8 September 2007 but not later than 31 December 2010.

(2) In this paragraph, "residential property" means a house, condominium unit, apartment or flat built as a dwelling house.

3.  Revocation

The Stamp Duty (Remission) (No. 3) Order 2007[P.U. (A) 402/2007] is revoked.

 

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