(REMISSION) (NO 2) ORDER 2008
15 SEPTEMBER 2008
JIL 52; NO 19; 15 SEPTEMBER 2008; TAMBAHAN NO 98; 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:
This order may be cited as the Stamp Duty (Remission) (No. 2) Order 2008.
(1) Fifty percent is remitted from the stamp duty chargeable on any loan
agreement executed between a purchaser named in the Sale and Purchase Agreement,
who is a Malaysian citizen, and a bank, a financial institution, an insurance
company registered under the Insurance Act 1996[Act 553], a co-operative
society registered under the Co-operative Societies Act 1993[Act 502], or
an employer under an employee housing loan scheme, to finance the purchase
of only one unit of residential property costing not more than two hundred
and fifty thousand ringgit (RM250,000) per unit provided that the Sale and
Purchase Agreement is executed on or after 30 August 2008 but not later
than 31 December 2010.
(2) In this paragraph, "residential property" means a house, and a condominium
unit, an apartment and a flat built as a dwelling house.