Property tax exemption for Malaysians for disposal of up to three properties

Stamp duty exemption will be provided on the transfer of property and loan agreement for the purchase of home between RM300,000 and RM2.5mil. The exemption on the instrument of transfer is limited to the first RM1mil of the home price while full stamp duty exemption is given on loan agreement effective for sales and purchase agreements signed between June 1 to May 31, 2021. Real property gains tax (RPGT) exemption for Malaysians for disposal of up to three properties between June 1, 2020 and Dec 31, 2021.

Divorced Dad could be charged for contempt of court for refusing to pay maintenance for children

PETALING JAYA: Family law practitioners say aggrieved ex-wives can seek leave from courts to start contempt proceedings against their ex-husbands who fail to pay for maintenance of the children until they have completed their tertiary studies. Lawyer Sharmila Sekaran said this applies to any situation where a court grants an order and that person does …

Exemption of Real Property Gains Tax Effective from 01.01.2019

KUALA LUMPUR (Bernama): The government has agreed to exempt the real property gains tax (RPGT) to individual Malaysian citizens who dispose of their properties at a consideration price of RM200,000 and below. According to a statement by Finance Minister Lim Guan Eng, the RPGT exemption, effective from Jan 1, 2019, were for the disposal of …

Homebuyers reserve the right to be heard before the developer is given for the extension of time to complete a project

PETALING JAYA (March 30): The Ministry of Urban Wellbeing, Housing and Local Government must give homebuyers the right to be heard before developers are given an extension of time (EOT) to complete a project, the Court of Appeal ruled today. The landmark decision will have far-reaching consequences for homebuyers whose properties are delivered late — …