So smart. I'm going to demand COV if I sell.
-
IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here. The OTHER forum is HERE so please stop asking.
New developments to share
- Thread starter wuqi256
- Start date
Actually spore dun care whether you make money or lose money.. They just make sure that spore make money and boost the coffers! These way spore future is safe and secure....
Wa.. You are even smarter.. Use spore COV some more!
Last edited:
shhhhhhh! MB may read here..
Any idea if puteri harbour is treated special too? Like not affected by rm500k or later rm1mil? Trying to understand if the salesman was just blowing smoke in my face.
Comparing SSD and RPGT
Example purchase price S$1m, selling Price S$1M
Yr 1 SSD = -veS$160,000 or your loss
Yr 2 SSD = -veS$120,000 "
Yr 3 SSD = -veS$80,000 "
Yr 4 SSD = -veS$40,000 "
Purchase price RM1M, selling Price RM1M
Yr 1 RPGT = RM0
Yr 2 RPGT = RM0
Yr 3 RPGT = RM0
Yr 4 RPGT = RM0
Purchase Price S$1M, Selling Price S$1.2M
Yr 1 SSD = S$192,000
Yr 2 SSD = S$144,000
Yr 3 SSD = S$96,000
Yr 4 SSD = S$40,000
After 5 yrs = S$0
Purchase Price RM1M, Selling Price RM1.2M
Yr 1 RPGT = RM60,000
Yr 2 RPGT = RM60,000
Yr 3 RPGT = RM60,000
Yr 4 RPGT = RM60,000
After 5 yrs and onwards = RM10,000
Example purchase price S$1m, selling Price S$1M
Yr 1 SSD = -veS$160,000 or your loss
Yr 2 SSD = -veS$120,000 "
Yr 3 SSD = -veS$80,000 "
Yr 4 SSD = -veS$40,000 "
Purchase price RM1M, selling Price RM1M
Yr 1 RPGT = RM0
Yr 2 RPGT = RM0
Yr 3 RPGT = RM0
Yr 4 RPGT = RM0
Purchase Price S$1M, Selling Price S$1.2M
Yr 1 SSD = S$192,000
Yr 2 SSD = S$144,000
Yr 3 SSD = S$96,000
Yr 4 SSD = S$40,000
After 5 yrs = S$0
Purchase Price RM1M, Selling Price RM1.2M
Yr 1 RPGT = RM60,000
Yr 2 RPGT = RM60,000
Yr 3 RPGT = RM60,000
Yr 4 RPGT = RM60,000
After 5 yrs and onwards = RM10,000
Last edited:
RPG = sale price - SPA price - ALL EXPENSES (reno, %paid in interest, agent fee, legal fee, stamp duty, MOT, etc)
just make sure you keep all the receipts, bank statements, documents and so on.
note there is also a 10,000RM exemption from the tax.
And those who wish to pass the house to child / kin can do so before you die, __I Believe__ u just GIFT it to them. It's a gift, no tax. Please check with your lawyers.
read more:
http://www.propertyking.com.my/real-property-gains-tax/
http://malaysiantaxation101.com/2013/01/real-property-gains-tax-101/
just make sure you keep all the receipts, bank statements, documents and so on.
note there is also a 10,000RM exemption from the tax.
And those who wish to pass the house to child / kin can do so before you die, __I Believe__ u just GIFT it to them. It's a gift, no tax. Please check with your lawyers.
read more:
http://www.propertyking.com.my/real-property-gains-tax/
http://malaysiantaxation101.com/2013/01/real-property-gains-tax-101/
Last edited:
FH. now become 1m FH. Wahaha...keepers win e race.
I thought wuqi Reply is very clear. PH is not exempted like medini currently.
Definitely no. Stay far away from that salesman.
Takes so much.
Quite true, really rich local that i know sapu agri lands in tanjung kupang area. They dun bother come to play >1M ppty. Currently the only thing that worth investing is tj kupang area land that small player still can get in. Risky play, an acre or two spent u RM 1-2 M. Not expensive given its location but only worth a gem 10-20 yrs down the road. Foreigner can get in using company...but definitely this investment choice out of many forummers league.
Last edited:
'New property measures to drive away investors'
NEW property cooling measures, such as raising the ceiling price of properties for foreign buyers to RM1 million, will be a big blow to Johor's Iskandar Malaysia region, says RHB Research.
The research house views that the 30 per cent real property gains tax (RPGT) for foreigners, for disposals within the first five years, will wipe out short-term foreign speculators to a certain extent as the minimum five years' holding period will drive them away.
Given such a situation and potentially higher land holding costs, it is uncertain if the Johor government will go ahead with the proposed four to five per cent processing fee that will be imposed on foreigners, as the impact of the 30 per cent RPGT is already detrimental, RHB said.
"We see downside potential for valuations of some stocks, particularly those that are highly exposed to the Iskandar region and have high proportion of foreign buyers," it said in its latest research note.
RHB said developers with high exposure to the Iskandar region will be the most adversely affected as the area has gained significant traction among foreigners over the past one to two years, especially Singaporeans, due to the strong Singapore currency.
They include UEM Sunrise Bhd, Sunway Bhd, SP Setia Bhd, Mah Sing Group Bhd, IJM Land Bhd and Eastern & Oriental Bhd.
"Medini, in particular, which has no Bumiputera quota, will likely see a knee-jerk slowdown in property sales over the near term, as the market is now less lucrative compared with before.
"While there is still demand for some attractive projects compared to a simple buying decision previously, potential foreign buyers will now think twice before purchasing properties in Malaysia," RHB said.
According to CBRE, foreign purchasers accounted for 54 per cent of total high-rise residential sales (sales by developers) in Nusajaya, and 39 per cent in Johor Baru and major suburbs.
In Penang mainland, RHB still sees healthy growth as local property demand is largely driven by genuine buyers for occupancy purposes.
NEW property cooling measures, such as raising the ceiling price of properties for foreign buyers to RM1 million, will be a big blow to Johor's Iskandar Malaysia region, says RHB Research.
The research house views that the 30 per cent real property gains tax (RPGT) for foreigners, for disposals within the first five years, will wipe out short-term foreign speculators to a certain extent as the minimum five years' holding period will drive them away.
Given such a situation and potentially higher land holding costs, it is uncertain if the Johor government will go ahead with the proposed four to five per cent processing fee that will be imposed on foreigners, as the impact of the 30 per cent RPGT is already detrimental, RHB said.
"We see downside potential for valuations of some stocks, particularly those that are highly exposed to the Iskandar region and have high proportion of foreign buyers," it said in its latest research note.
RHB said developers with high exposure to the Iskandar region will be the most adversely affected as the area has gained significant traction among foreigners over the past one to two years, especially Singaporeans, due to the strong Singapore currency.
They include UEM Sunrise Bhd, Sunway Bhd, SP Setia Bhd, Mah Sing Group Bhd, IJM Land Bhd and Eastern & Oriental Bhd.
"Medini, in particular, which has no Bumiputera quota, will likely see a knee-jerk slowdown in property sales over the near term, as the market is now less lucrative compared with before.
"While there is still demand for some attractive projects compared to a simple buying decision previously, potential foreign buyers will now think twice before purchasing properties in Malaysia," RHB said.
According to CBRE, foreign purchasers accounted for 54 per cent of total high-rise residential sales (sales by developers) in Nusajaya, and 39 per cent in Johor Baru and major suburbs.
In Penang mainland, RHB still sees healthy growth as local property demand is largely driven by genuine buyers for occupancy purposes.
Please check with your lawyers. You cant make a will and leave it to non Malaysian heirs. My friend's father is in his 70s and wants to make a will leaving the house to her upon his death, she is a Singaporean. So is he but he bought it more than 20 years back before the minimum price ruling.The house is worth only 250K . They were told that she can't inherit it but can sell it upon his death. The only way she can hold on to the house is for him to give her Power of Attorney during his lifetime and she can continue managing it even after his death, living in it also. 3 lawyers they spoke to told them this although one unscrupulous lawyer suggested 'bribing' someone to get consent but it sounds very dangerous as its clearly against the law and she may end up losing the property altogether.
Anyway, those of you in these positions, wanting to leave the property to your heirs, I suggest you check with reliable sources.
This is worth exploring, I think its a 'lobang' , a way for foreigners to hold on to these. perhaps you can leave the company to your heirs as well, a way fo leaving the property. I suggest checking with lawyers or the land office for reliable info .
What do they mean by 'abuse' it?
Similar threads
