Budget 2018: Tax Exemption for Rental Income

Budget 2018: Tax Exemption for Rental Income

As an initiative to increase home-ownership for the nation, the Prime Minister, in the Budget 2018, has allocated RM2.2 billion to the housing development in Malaysia. What comes as a surprise to many is the 50% tax exemption on rental income received by Malaysian...

Stricter Requirements for Property Buyers

The Stamp (Amendment) Bill 2016 was tabled for first reading in parliament on Nov 23 last year. Among other things, it proposes that ad valorem duty must be paid before the sales and purchase agreement (SPA) is signed. Under the current Act, the duty is paid in the...