British Expats

British Expats (https://britishexpats.com/forum/)
-   Malaysia (https://britishexpats.com/forum/malaysia-148/)
-   -   CAPTIAL GAINS TAX : MALAYSIA (https://britishexpats.com/forum/malaysia-148/captial-gains-tax-malaysia-538640/)

djoerk May 24th 2008 6:28 pm

CAPTIAL GAINS TAX : MALAYSIA
 
I have read of the sliding scale for Capital Gains Tax in Malaysia - going down to 5% if sold after 5 years.

Am I right in assuming that this Tax is only payable if selling up to leave - as opposed to selling to buy another house in Malaysia?

Shhhhhh May 25th 2008 3:43 am

Re: CAPTIAL GAINS TAX : MALAYSIA
 
To the best of my knowledge CGT in Malaysia was abolished in 2007, or more correctly is being exempted since then.

djoerk May 25th 2008 5:06 am

Re: CAPTIAL GAINS TAX : MALAYSIA
 

Originally Posted by Shhhhhh (Post 6390591)
To the best of my knowledge CGT in Malaysia was abolished in 2007, or more correctly is being exempted since then.

Thank you: Some of the MMh2 Agents' Sites on the Web must be out of date....

Another reason to come to Malaysia, then :thumbsup:

Shhhhhh May 25th 2008 9:31 am

Re: CAPTIAL GAINS TAX : MALAYSIA
 
When buying for own stay, you just got to be comfortable with your entry price. One eye on the "hypothetical" rental yield, ... one less property to worry about.

flamed2 Oct 13th 2008 5:10 am

Re: CAPTIAL GAINS TAX : MALAYSIA
 
Yeap, the cap gain tax is temporarily exempted for now :)

nobicycle Oct 15th 2008 1:59 pm

Re: CAPTIAL GAINS TAX : MALAYSIA
 
test.


All times are GMT. The time now is 7:47 am.

Powered by vBulletin: ©2000 - 2022, Jelsoft Enterprises Ltd.
Copyright © 2021 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.