Stamp Duty On Asset Purchase Agreement
Will the total purchase price be known before the closing of the transfer of the transaction or is it likely that the value of the assets to be transferred (e.g. shares.B) will be such that the parties will have to agree on the payment price on the completion date, unlike in the past? Does part of the purchase price have to be paid at some point after completion, for example. B after a decision in shares or based on income from assets? You should carefully think about the assets you want to buy and add a list of those assets to the APA. A separate list could also define what has been agreed to be excluded from the sale (if at all). How is the purchase financed? If bank or external financing is required, what is the impact on the date of the transaction? Stamp duty of 0.5% on the value of services/loans. Total exemption from stamp duty on the deed of transfer in respect of the purchase of the first residential property with a value not exceeding RM500,000 by a Malaysian citizen under the National Housing Department`s Rent-to-Own (RTO) programme. The exemption is granted in two stages, i.e. from the real estate developer (PD) to a qualified financial institution (FI) and from the FI to the Malaysian citizen. The exemption is subject to the execution of the following agreements between 1 January 2020 and 31 December 2022, i.e. the sales contract between fi and FI and the RTO agreement between FI and the Malaysian citizen. For example, depending on the value of the transaction, an authorisation from the competition and consumer protection authority may be required or, if the targeted entity is licensed, an authorisation from the approval authority may be required.