STAM DUTY CALCULATION - TRANSFERING PRIVATE COMPANY SHARES IN MALAYSIA
GO-- FOR MORE http://lampiran2.hasil.gov.my/pdf/pdfam/guideline_stampingofshares.pdf 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. ...