Sarawak Housing And Real Estate Developers' Association(SHEDA)

STAMP ACT 1949

P.U. (A) 169

STAMP DUTY (EXEMPTION) (No. 6) ORDER 2003

In exercise of the powers conferred by subsection 80(1) of the Stamp Act 1949
[Act 378], the Minister makes the following order:

Citation and commencement

1. (1) This order may be cited as the Stamp Duty (Exemption) (No. 6) Order 2003.

(2) This Order comes into operation on 1 June 2003.

Interpretation

2. In this Order, unless the context otherwise requires- -

            “residential property" includes houses condominium units, apartments and flats as a dwelling house;

“housing developer” means a housing developer licensed under the Housing Development (Control and              Licensing) Act 1966 [ Act 118 ];

             “statutory body" means a body incorporated under state of federal law;

             “co-operative society" means a co-operative society registered under the Co-operative Societies Act
              1993 [ Act 502 ];

             “insurance company" means an insurance company registered under the Insurance Act 1996 [ Act 553 ].

Exemption

3. The following instruments relating to the purchase of residential property costing nor more than RM180,000 per unit from a housing developer or statutory body or co-operative society pursuant to the Sale and Purchase Agreements executed on or after I June 2003 but not later than 31 May 2004 are exempted from stamp duty.

            (a) all instruments of Sale and Purchase Agreement executed between the purchaser and the housing
                  developer or statutory body or co-operative society on or after I June 2003 but not later than 31 May
                  2004;

            (b) all instruments effecting the transfer of title of the residential property from the developer or statutory
                  body or co-operative society or the registered land owner to the purchaser named in the Sale and
                  Purchase Agreement in paragraph (a);

            (c) all instruments in the nature of security executed between the purchaser named in the Sale and
                  Purchase Agreement in paragraph (a) and a bank or financial institution or insurance company or
                  co-operative society for money advances to finance the purchase of the residential property; and

            (d) all instruments in the nature of security executed between the purchaser named in the Sale and
                  Purchase Agreement in paragraph (a) and an employer under an employee housing loan scheme for
                  money advances to finance the purchase of the residential property.

Made 29 May 2003
[Perb CR (8.09) 248/39/7 -217(SJ.1); LHDN. 01/34/42/68-180-(12/03);
PN(PU 2 )1 59/XXVIII ]
DR. JAMALUDIN BIN MOHD JARJIS
Second Minister of Finance

AKTA CUKAI KEUNTUNGAN HARTA TANAH 1976

P.U. (A) 170

PERINTAH CUKAI KEUNTUNGAN HARTA TANAH (PENGECUALIAN) (No. 2) 2003

Pada menjalankan kuasa yang diberikan oleh subseksyen 9(3) Akta Cukai Keuntungan Harta Tanah 1976
[ Akta 169 ], Menteri membuat perintah yang berikut:

Nama dan permulaan kuat kuasa

1. (1) Perintah ini bolehlah dinamakan Perintah Cukai Keuntungan Harta Tanah (Pengecualian) (No. 2)
2003

(2) Perintah ini mula berkuat kuasa pada 1 Jun 2003.

Pengecualian

2. (1) Menteri mengecualikan mana-mana orang daripada pembayaran cukai keuntungan harta tanah
berkenaan dengan keuntungan yang boleh dikenakan cukai yang terakru atas pelupusan apa-apa aset yang boleh dikenakan cukai dari 1 Jun 2003 hingga 31 Mei 2004.

(2) Tiada apa-apa jua dalam subperenggan (1)boleh melepaskan atau disifatkan telah melepaskan
seseorang itu daripada mematuhi apa-apa kehendak untuk mengemukakan apa-apa penyata atau
memberikan apa-apa maklumat lain di bawah peruntukan Akta.

Dibuat 28 Mei 2003
[ Perb CR(8.09)248/39/6-1 Vol. 2; LHDN. 01/35/(S)/42/23/7;
PN(PU 2 ) 325/II]

DR. JAMALUDIN BIN MOHD JARJIS
Menteri Kewangan Kedua

[Akan dibentangkan di Dewan Rakyat menurut subseksyen 9(4) Akta Cukai Keuntungan Harta Tanah 1976]