CAPTIAL GAINS TAX : MALAYSIA
#1
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?
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?
#2
Just Joined
Joined: Apr 2008
Posts: 25
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.
#4
Just Joined
Joined: Apr 2008
Posts: 25
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.
#5
Just Joined
Joined: Oct 2008
Posts: 4
Re: CAPTIAL GAINS TAX : MALAYSIA
Yeap, the cap gain tax is temporarily exempted for now