(REMISSION) ORDER 2008
19 JUNE 2008
JIL 52; NO 13; 19 JUNE 2008; TAMBAHAN NO 63; PERUNDANGAN (A)
IN exercise of the powers
conferred by subsection 80(2) of the Stamp Act 1949[Act 378], the Minister
makes the following order:
Citation and commencement
(1) This order may be cited as the Stamp
Duty (Remission) Order 2008.
(2) This Order is deemed to have come into
operation on 8 September 2007.
(1) Fifty percent of the stamp duty chargeable
on any instrument of transfer is remitted for the purchase of one unit only
of residential property by an individual costing not more than RM250,000 in
relation to a Sale and Purchase Agreement executed on or after 8 September
2007 but not later than 31 December 2010.
(2) In this paragraph, "residential property"
means a house, condominium unit, apartment or flat built as a dwelling house.
The Stamp Duty (Remission) (No. 3) Order
2007[P.U. (A) 402/2007] is revoked.