Buyer's Guide for Malaysia Properties

Malaysia Charges/Fees/Legal/Stamp Duties for “Foreigner” (Updated 19/08/2013)
Residential Properties (Residential/Commercial Title):
Charges	Claculation (estimates)	Base on Purchase Price or Loan Amt	Payment Frequency	Remarks
Earnest Fee	RM$12500/S$5000		One time
Upon Signing SPA	10 % of Purchase Price – Earnest Fee	Purchase Price	One Time
Legal Fee (SPA)	Est 0.5% of Purchase Price	Purchase Price	One Time
Legal Fee (Loan)	Est 1% of Loan Amount First RM$150k = 1%(or min RM$300,whichever is higher) Subsequent up to RM$1M=0.7% Subsequent up to RM$3M=0.6% Subsequent up to RM$5M=0.5% Subsequent up to RM$7.5M=0.4% Above RM$7.5M=negotiable	Loan Amount	One Time
Stamp Duty (SPA)	(Purchase Price x 3%)-RM$9000 First RM$100K = 1% Subsequent up to RM$500K = 2% Remaining = 3% Registration Fee First RM$1M=RM$3K Subsequent every RM$50K=RM$100	Purchase Price	One TIme	Plus admin charges est RM$1000 First RM$100K=RM$1 for every RMS100 or fractional part of RM$100 Subsequent up to RM$500K = RM$2 for every RM$100 or fractional part of RM$100 Above RM$500k= RM$3 for every RM$100 or fractional part of RM$100 For landed Housing,stamp duty is payable upon sales completion.(Approx 2 mtn from SPA Date) For condos,Stamp duty is payable upon TOP.
Stamp duty(Loan)	0.5% Loan Amount	Loan Amount	One time
Quit Rent (Town council Tax)	Estimate RM$560 for every 100 meter sq	Purchase Price	Yearly	Varies by state
Assessment Tax (Unit Tax)	Latest Property value x 0.26 %		Half-Yearly
State Levy	RM$10,500		One Time	Plus admin charges est RM$2000
Fire Insurance	RM$120 for every RM$100K		Yearly
Rental Income Tax	26% flat for Non Residence. 0-26% for residence	Rental Income	Yearly	In general,an individual is condered not resident if his duration of stay in Malaysia is less than 182 days in a calendar year. However there are other circumstances that may determine the residence status of an individual. Reference may be made to Public Ruling No.2/2005 which can be downloaded from this website : http.hasil.org.my