Real Property Gains Tax

For a brief period of two years and 9 months from April 1 2007 to December 2009 Malaysian have enjoyed a respite of having to pay Real Property Gains Tax for disposal of real properties and shares in real properties companies.

However starting from the year 2010 government has started to increase the tax rates for disposal of real properties and shares in real properties companies to 5%.

In the year 2012 the tax rates for disposal of real properties and shares in real properties companies within 2 years from date of acquisition has been increased to 10%.

Now this year 2013 the tax rates for disposal of real properties and shares in real properties companies within 2 years from date of acquisition has been increased to 15%.
http://huzmidahlan.blogspot.com/2011/10/real-propery-gains-tax.html
RPGT for disposal of real properties and shares in real properties companies after 5 years from date of acquisition has been maintained at 0%.

It clearly shows that government wants to further curb real estate speculation activities.

Property prices has increased considerably since the year 2008. For the Uptown Residence project at Damansara Utama the 734 square feet unit is price at RM585K whilst the largest unit of 3,608 square feet is price at RM3.74 million.

Happy New Year 2013

Selamat Tahun Baru 2013 from huzmi dahlan blogspot. :)

2012 Corruption Perception

Malaysia is at no.54

Mario Balotelli, Italy's postman

From the guardian.co.uk

haze

Haze is back. My eyes started to get itchy while walking back from the mosque. It reminds me of the post some five years ago. Ribuan Terima Kasih Indonesia.

Real Propery Gains Tax

Effective 1st January next year real property gains tax of 10% will be imposed on disposal of property in the first 2 years of purchase. This is an increase of 5% from the current rate of 5%.

Explosion at Empire Gallery

The view as seen from The Malaysian Insider.

Picture of the day

Well my picture of the day is cheetah cubs lining on the tree branch.

Base Lending Rate

Today MBB and RHB Bank raise their Base Lending Rate (BLR) from 6.3% to 6.6%

The last time the BLR rate raised was on July 13 last year i.e. from 6.05% to 6.3%

Past BLR rate increase

May 2010 - 5.8% to 6.05%

March 2010 - 5.55% - 5.8%