Land and Buildings
i) 3% on the first RM500,000
ii) 2% on the balance over RM500,000
Chattels including Plant & Machinery
i) 10% of the proceeds
The above may be subject
to a maximum discount of 30% if the sale price of the property exceeds
RM20 million.
The above scale applies to any sale or
purchase by way of private treaty, tender or any other mode of disposal or
acquisition.