Foreigner Property Ownership In Malaysia

Last activity 16 August 2016 by davidchow

907 Views

2 replies

Post new topic

samuelmulia2Member20 June 2015 08:43:59

Hi guys, I have a question to ask about Malaysia Gov policy :
1. Minimum RM 1.000.000 to own an apartment in Malaysia. does this policy still apply ? as an Indonesia Citizen, is it impossible to purchase an apartment in Johor baharu which price under RM. 1.000.000 ?
2. To own apartment in Malaysia as a foreigner, how many percent is the tax from the unit price ? what are the taxes do we have to pay ?

GravitasViP20 June 2015 09:55:51

9040

Yes RM1m except in Malacca I think. Its RM2m in Selangor. Tax? Well you pay local taxes twice a year and that is based on the area the property occupies. The Stamp Duty is quite expensive on purchase. There is a new 6% tax in Johor now as well. 3% capital gains tax on profits when property is sold.

davidchowMember16 August 2016 14:30:54

Moderated by kenjee 8 years ago
Reason : Promotion of own services and websites not allowed.

Articles to help you in your expat project in Malaysia

The tax system in Malaysia
If you plan to move to Malaysia, you will need to consider several taxes and draw up a budget to get a better idea ...
Taxes in Malaysia
An individual is taxed on his chargeable income at graduated rates from 2 % to 30% after the deduction of tax ...
Year end tax checklist
As personal reliefs claim will reduce your chargeable income, it is a good time to check your qualifying tax ...
Driving in Malaysia
You are moving to Malaysia and want to drive for work or travel there? Follow our guide!
Kuala Lumpur's neighbourhoods
Kuala Lumpur is a real megalopolis, surrounded by suburbs and neighborhoods so different from each other that they ...
Buying property in Kuala Lumpur
When you plan to move to another country or another city, your first concern is undoubtedly where you are going to ...
Internships in Malaysia
Are you a student or recent graduate who wishes to develop your expertise while experiencing a work environment ...
The Malaysian lifestyle
Malaysia is such a melting pot of geographical, cultural and social diversity that there is something for ...