PETALING JAYA (Nov 2): The increase in stamp duty rates for the transfer of property valued RM1 million and above as well as the imposition of Real Property Gains Tax (RPGT) on future property sales have increased the entry and exit costs for property ownership which might dampen investors’ interest, said Savills Malaysia managing director Datuk Paul Khong.
PETALING JAYA (Nov 2): Budget 2019 is a very comprehensive budget that encourages homeownership while aiming to resolve the mismatch in property demand and supply, said Malaysian Institute of Professional Estate Agents and Consultants (MIPEAC) deputy president See Kok Loong (pictured).
PETALING JAYA (Nov 2): While the Real Property Gains Tax (RPGT) rate will be increased after the fifth year, industry experts believe it will not adversely impact the property market as the quantum of increase is rather minimal.
PETALING JAYA: Budget 2019 will continue to be geared towards affordable housing policies.
PETALING JAYA: The government should not implement new taxes on the real estate industry, especially counter-productive ones such as a vacancy tax, said the immediate past president of the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) Foo Gee Jen.
PETALING JAYA (Jan 22): All property transactions in Malaysia that use cryptocurrency are still liable for real property gains tax (RPGT), said the Inland Revenue Board (IRB) CEO Datuk Seri Sabin Samitah.
KUALA LUMPUR (May 23): MK Land Holdings Bhd’s wholly-owned subsidiary Saujana Triangle Sdn Bhd has been slapped with additional income taxes and penalty amounting to RM80.