Property transfers between family members are commonly carried out as a transfer of love and affection. This process involves:
- Preparing the Transfer Documents – including the Memorandum of Transfer (Form 14A) and supporting statutory declarations.
- Stamp Duty Assessment – transfers between immediate family members (e.g., parent to child, husband to wife) may qualify for stamp duty exemptions or remissions, subject to Inland Revenue Board (LHDN) approval.
- Lodging with the Land Office – filing the transfer documents and obtaining registration of the new owner’s name on the title.
- Title Registration – once completed, the family member will officially become the registered proprietor of the property.
