STAM DUTY CALCULATION - TRANSFERING PRIVATE COMPANY SHARES IN MALAYSIA

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Example I XYZ Sdn. Bhd. (an investment holding company) has an issued share capital of RM200,000. A total of 150,000 shares were sold on 1.3.2001 for a sale consideration of RM75,000.

The particulars as per audited accounts for the year ended 31.12.2000

 (Appendix 1A and 1B) are as follows
: Net loss for the year ( RM 2,275 )
Issued share capital RM200,000
 Shareholders’ Funds RM181,950
 (A) Par Value of shares transferred RM150,000

 (B) Net Tangible Assets (“NTA”) Value per share = Shareholders’ Funds Issued share capital = RM181,950 RM200,000 = RM0.91 Value of shares transferred = RM0.91 x 150,000 = RM136,500

 (C) Sale consideration RM75,000 A comparison between Par Value, “NTA” and sale consideration shows that the value of shares based on par value is the highest. The stamp duty payable is, therefore, calculated based on par value i.e. RM150,000. Stamp duty payable = RM150,000 x RM3.00 RM1,000 = RM450.00
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XYZ SDN. BHD. (Incorporated in Malaysia) BALANCE SHEET AS AT 31.12.2000

FIXED ASSET CURRENT ASSET Non-trade debtors Amount due from directors Cash in hand & at bank LESS : CURRENT LIABILITIES Amount due to a director Non-trade creditors & accruals Provision for taxation NET CURRENT ASSETS EXPENDITURE CARRIED FORWARD, at cost Preliminary expenses Pre-operating expenses Representing, SHARE CAPITAL Authorised : 300,000 shares of RM1.00 each Issued & paid up : 200,000 of RM1.00 each ACCUMULATED LOSS RM 133,900.00 - 45,000.00 3,050.00 48,050.00 300.00 3,500.00 - 3,800.00 44,250.00 3,500.00 300.00 3,800.00 181,950.00 300,00.00 200,000.00 ( 18,050.00) 181,950



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