Q.
a) Madam Shirley intends to transfer the ownership of a residential property valued at RM1,400,000 to her only daughter, Alicia, as a gesture of national love and affection. The property is freehold and fully paid for. No money or consideration will be exchanged. The transfer will be executed by way of a Deed of Gift, and both parties are Malaysian citizens.
Determine the amount of stamp duty payable for this transaction. Support your answer with the correct rate and calculation based on current stamp duty provisions. (10 marks)
b) Explain the difference between initial duty and final duty in stamp duty assessment include in your answer the purpose of each and situations where they apply. (10 marks)
(20 marks, 2025 Q4)
A.