duty – Valuation and Property Services Department Portal https://www.jpph.gov.my/v3 Excellent Service Our Commitment Tue, 14 Jul 2020 14:33:14 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.16 https://i1.wp.com/www.jpph.gov.my/v3/wp-content/uploads/2020/07/logo512_JPPH_Julai20.png?fit=32%2C32&ssl=1 duty – Valuation and Property Services Department Portal https://www.jpph.gov.my/v3 32 32 160309004 Estate Duty https://www.jpph.gov.my/v3/en/jpph-business/valuation-and-property-services-activity/estate-duty-2/ Thu, 16 May 2019 05:16:49 +0000 https://www.jpph.gov.my/v3/?page_id=10566
  • Estate Duty is imposed on property held by a person. The party responsible for this administration, assessment and tax is the Estate Duty Collector, while JPPH is responsible for assessing the property involved.
  • The date of the assessment is the date of death. As with the process for Stamp Duty, any concerns over the value should be directed directly to the Duty Estate Office in writing and copied a copy to JPPH. The next appeal may be brought to the High Court.
  • On 1 November 1991, the Estate Duty Enactment 1941 and several other Enactments relating to the Estate Duty had been revoked. However, the enactments were adopted for the death toll before 1 November 1991.
    • ]]>     10566     Stamp Duty https://www.jpph.gov.my/v3/en/jpph-business/valuation-and-property-services-activity/stamp-duty/ Tue, 14 May 2019 07:54:34 +0000 https://www.jpph.gov.my/v3/?page_id=10642 Stamp duties are imposed on instruments and not transactions. An instrument is defined as any written document and in general, stamp duty is levied on legal, commercial and financial instruments. The person liable to pay stamp duty is set out in the Third Schedule of Stamp Act 1949.

    The Assessment and Collection of Stamp Duties is sanctioned by statutory law now described as the Stamp Act 1949.

    There are two types of duty, Ad Valorem Duty and Fixed Duty. Ad Valorem Duty is the rate of duty varies according to the nature of the instruments and the consideration stipulated in the instruments or the market value of the property. Fixed Duty Duty is imposed without any relation to the consideration paid or amount stated in the instrument.

    The role of the department is to value when a property is transferred, a transferee is required to pay a stamp duty.

     

    BASIS OF TAX

    As provided for under the First Schedule of the Stamp Act 1949, this duty is based on the money value of the consideration or the market value of the property, whichever is greater.

     

    RATE OF TAX

    The tax rate charged is subject to the First Schedule of the Stamp Act 1949.

     

    DATE OF VALUATION

    Where there is a Sale and Purchase Agreement the date of valuation is the date of execution of the agreement, otherwise it is the date of execution of the instrument of transfer.

     

    JPPH’ S ROLE

    The Stamp Duty Office (SDO) of the Inland Revenue Board (IRB) refers the prescribed form to JPPH where the market value of the property is ascertained and reported within one (1) working day for standard SDO then informs the transferee/ lawyer of the duty payable. The IRB will impose Stamp Duties based on the valuation reported by JPPH.

    Documents to be submitted to SDO/ JPPH:

    • A complete of form PDF 15.
    • Copy of the Sale and Purchase Agreement (where relevant).
    • Copy of the Document of Title. The parties concerned are advised to make the necessary for inspection purposes.

    CLIENT’S CHARTER

    All Stamp Duty valuations shall be reported within one (1) working for standard case and five (5) working days for non-standard cases from date of receipt by the office.

    ONLINE ENQUIRY SERVICE

    The online enquiry service enables users to check status of the case via http://www.jpph.gov.my and/ or sms type JPPH< space>DUTISETEM<space> Adjudication No.<space>email and send to 15888.

    OBJECTIONS ON VALUATIONS

    Any objection on the valuation of the property must be directed to the SDO and a copy sent to JPPH.

    FURTHER APPEAL

    Any further appeal should be by way of a case referred by the SDO to the High Court.

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