D. Relief from stamp duty under section 15A, Stamp Act 1949 Where there is a transfer of assets in the form of real properties or shares between associated companies, exemption from stamp duty is also available under section 15A. Associated companies A company (X) is associated with another ...
Basically Stamp Duty – in Malaysia – is a tax levied on a variety of documents including legal, commercial and financial documents, all of which are specified in the First Schedule of Stamp Duty Act 1949. All transactions including sale, transfer, mortgage and loan are subjected to legal st...
Subsequently, the collector took the position that the letter of offer is subjected to stamp duty at thead valoremrate as prescribed under sub-item 27(a)(iii) of the First Schedule to the Stamp Act 1949 (the Act). On February 13 2019, the collector raised a stamp duty assessment. On ...
D. Relief from stamp duty under section 15A, Stamp Act 1949 Where there is a transfer of assets in the form of real properties or shares between associated companies, exemption from stamp duty is also available under section 15A. Associated companies A company (X) is associated with another ...