Are you planning to transfer your property to your husband or wife?
In Malaysia, a husband may transfer property to his wife, and a wife may likewise transfer property to her husband, by way of love and affection.
Such transfers may involve an entire property or a share in a jointly owned property.
Is Stamp Duty Exempted?
Qualifying voluntary transfers of immovable property between husband and wife are entitled to a full exemption from stamp duty on the instrument of transfer.
This can result in substantial savings compared with an ordinary property transfer.
However, other expenses, including legal fees, registration fees and any applicable financing-related costs, may still arise.
Note: The information above is accurate as at the date of publication and is subject to changes in the applicable laws and regulations.
What If the Property Has an Existing Housing Loan?
Where the property is charged to a bank, the transfer may require the bank’s approval, discharge of the existing charge, refinancing or other arrangements.
It is advisable to have the property documents reviewed before proceeding.
Property Transfer Lawyers in Kuala Lumpur
TEH & YU assists clients with property transfers between spouses, including preparing transfer documents and attending to registration formalities.
Contact our conveyancing team to enquire about transferring property to your husband or wife in Malaysia.