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VALUATION
RES 611
LEARNING OBJECTIVE
At the end of this topic student should be able to:
1.Explain what is stamp duty
i) FIXED DUTIES
value -
of transaction specified in the instrument
Eg. Agreement or Memorandum of Agreement -RM10.
(Item 4 , First Schedule)
Article of association - RM 100
(Item 10 , First Schedule)
INTRODUCTION TO STAMP DUTY
ii)AD VALOREM DUTY
Amount of duties to be paid varies with the value of
transaction in the instrument.
Eg. Stamp duty payable on differing rates
chargeable on conveyance, assignment or transfer
of properties.
(Item 32 (a) First Schedule)
÷
49 a) Without fine or premium Not exceeding Exceeding one Exceeding three
when the average rent one year but not years or for any
calculated for a whole exceeding-three indefinite period
year years
Example:
Property X rents out for RM900 monthly rental for a
one year lease period.
:
RM1200 x 5% X 12 month = RM1260 x 12 =RM15120
Therefore = RM49xRM2 = RM 98
SD payable is RM98