Transfer Property from Parent to Children
Transfer of Property from Parent to Son
It usually involves transfer by way of Memorandum of Transfer ("MOT") (property with title) or Deed of Assignment (for property under Master title).
The stamp duty involves is RM10 (fixed rate) as the government pass the Stamp Duty Exemption Order [PUA 178/2023].
The transfer can only be from Father/Mother to their children, and vice versa, and not among siblings
Transfer among sibling will attracts normal stamp duty scale rate
#Case Study 01 - Parent to Children
Transfer of property from parent (father/mother) to daughter
the transfer was done via MOT, and we have provided to the Stamp Office the birth certificate, identification cards of the parent and the children
#Case Study 02 - Niece to Aunty
Transfer of property from niece to the aunty.
This transfer involves full stamp duty as the exemption stamp duty does not apply.
Further, this case consists of another registered owner who passed away, and had applied for a Small Estate Distribution Order before the Klang Land Office.
#Case Study 03 - Wife to Husband
this case was related to the wife who is undergoing cancer treatment, and she may not be able to live long.
She decided to transfer her half shares to her husband while she is alive.
The transfer stamp duty was assessed at RM10.
Note: stamp duty for the transfer of property by way of probate only costs RM10 as well.
In this situation, she can decide either to transfer while she is alive or after she passed away.
The latter requires a will, and an executor to apply to the court for a Court Order (Grant of Probate).
#Case Study 04 - Transfer from Permanent "PR" Citizen to their Children
This transfer requires a deed of gift to transfer
the law recognises that PR Citizen can also transfer property to their children (who must be a Malaysian)
Stamp Duty MOT fixed at RM10.
If the Children is not a Malaysian, then full stamp duty scale fee applies.