Selling car bought under MM2H program
May 23rd 2018, 9:16 pm
#1
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Thread Starter
Joined: May 2018
Posts: 1
Selling car bought under MM2H program
Does anybody have any experience or knowledge of selling or indeed exporting a car bought under MM2H?
I bought a new car in Aug 2011 and am now looking for best disposal option. It’s clear that selling it locally will require an assessment to be made to determine the amount of tax becomes payable, based upon the original exempted amount. If I choose to export it, do I still have to pay pro-rata tax in the same way that I would when selling the car on domestically?
Would appreciate any input....
I bought a new car in Aug 2011 and am now looking for best disposal option. It’s clear that selling it locally will require an assessment to be made to determine the amount of tax becomes payable, based upon the original exempted amount. If I choose to export it, do I still have to pay pro-rata tax in the same way that I would when selling the car on domestically?
Would appreciate any input....
May 23rd 2018, 9:58 pm
#2
BE Enthusiast
Joined: Jan 2017
Location: Kuching, Sarawak
Posts: 674
Re: Selling car bought under MM2H program
Does anybody have any experience or knowledge of selling or indeed exporting a car bought under MM2H?
I bought a new car in Aug 2011 and am now looking for best disposal option. It’s clear that selling it locally will require an assessment to be made to determine the amount of tax becomes payable, based upon the original exempted amount. If I choose to export it, do I still have to pay pro-rata tax in the same way that I would when selling the car on domestically?
Would appreciate any input....
I bought a new car in Aug 2011 and am now looking for best disposal option. It’s clear that selling it locally will require an assessment to be made to determine the amount of tax becomes payable, based upon the original exempted amount. If I choose to export it, do I still have to pay pro-rata tax in the same way that I would when selling the car on domestically?
Would appreciate any input....
I found this site that may be useful. It includes the prices of many vehicles in addition to a depreciation schedule.
Auto motor Car Tax calculation custom malaysia
Next consider the export costs (and if you would have to pay the excise duty as you haven't sold the vehicle) and the fact that it may be very difficult to re-sell a Malaysian-assembled car abroad. Also here is the misadventure of shipping a camping van from Malaysia to Canada. Vehicles must be absolutely clean of any organic material or dirt.
http://90kmh.de/2017/07/16-0-vehicle...sia-to-canada/
Compare the differences.
Last edited by RedApe; May 23rd 2018 at 10:24 pm.
