Below, we explain (in simple terms) 4 of the most common property-related taxes in Malaysia. 1. QUIT RENT An annual land tax imposed on property owners by respective state governments. Also known as ‘Cukai Tanah’. For stratified properties, the quit…
Subsale properties are properties which are resold from the existing owner. When you buy a subsale property, it means that you are buying from another homeowner rather than directly from the developer. For those considering to buy a subsale property in…
If you’re planning to SELL your property, you may be eligible for exemption from Real Property Gains Tax (RPGT):- (a) In summary, Malaysian citizens are exempted from the RPGT chargeable on gains arising from the disposal of up to three…
Perfection of Transfer (“POT“) refers to the process of registering the transfer of ownership of a property from the developer to the purchaser on the Land Title. Perfection of Charge (“POC“) refers to the process of registering the Charge granted…