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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
This recent ruling by the High Court is a good example how stamp duty is a key factor in M&A Transaction