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The Minister of Finance (‘Minister’) in the Malaysian Budget 2023 Speech on 24 February 2023 announced that first-time home buyers will continue to benefit from a 100 per cent stamp duty exemption for purchases up to RM500,000 through the Malaysian Home Ownership Initiative (“i-Miliki”), as outlined in Budget 2023
The SRO 2023 served as a guideline to regulate the legal fees for conveyancing transactions such as sale and purchase of movable and immovable properties, financing, tenancies and leases
In order to improve the effectiveness in the fight against corruption, it is pivotal to reform some of the existing laws by recommending and introducing changes to them
Such an “once-in-a-hundred-years” event has brought about concerns on its effects on the timeframes and deadlines falling in the MCO period, and whether they will be extended automatically
In most cases, you do need a Will; and will drafting is not as easy as downloading a template from the internet – there are many intricacies in estate planning, involving considerations of legislations and various tax issues
This recent ruling by the High Court is a good example how stamp duty is a key factor in M&A Transaction
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