Tax reliefs for real estate, automotive industries under Penjana
BY SOO WERN JUN
KUALA LUMPUR, June 5 — In a bid to boost the real estate market, Prime Minister Tan Sri Muhyiddin Yassin today announced several tax incentives under the Short-Term Economic Recovery Plan dubbed Penjana. “The stamp duty exemption on property transfers is limited to the first RM1 million of house value, while stamp duty is fully vested on its loan agreement,” said Muhyiddin during his special address.
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