Is apply to those property who sell within 5 year time if I not mistaken.

wow.....seem many neighbours here.....I jz signed the SPA today.

I visited the show unit at KWSP building & bought there directly.

What is the average price for CR? and what is the size?
Anyone can enlighten me? tq

welcome aboard. which unit u purchase and how much the cost? do u still entitled for the early bird discount for the court?

Welcome to the club

You want to look for SOHO or service apartment? Maybe I introduce my sales agent to you if you keen

agree! we just enjoy the facilities 1st then think to sell it after 5 yrs if good market

Wawa818,

u bought SOHO unit or CR unit?

SOHO, brought last yr

Wawa,

plan to use to run own biz?

Guys

The Capital Gains Tax is not taxable for sale of property if you claim it's your first life time entitlement of waive the CGT.

Each of us are entitle to only one property in our life to escape CGT. Otherwise the CGT will levy according to years held from S&P date.

The Point is. IF your property the profit margin is low, it wasted to claim that property under CGT.
You only try apply the CGT for a property which when sold is the widest margin profit for you .
Then, you apply the CGT on that property sale.

This post has been edited by Citydude: Mar 25 2013, 03:07 PM

plan to rent out 1st, wanna run business in future when the opportunity come to me i like CR concept and the facility

Citydude,

Thanks for sharing. I thought is every property we sell, it apply for all no matter is first property or not.

The best practical benefit selling point for CR tenants n owners for daily use is :

The lift from parking takes you straight to the unit floor !!!!

That's very convenient and good for business and renting companies .
At Mont Kiara plaza., you park at parking lot and walk average far to lift and press to unit soho etc

At CR from car park, you walk to lift to press straight to your unit !!

That's a very good and practical daily service ,

This post has been edited by Citydude: Mar 25 2013, 03:16 PM

CGT IS TAX LEVY on our SALE OF PROPERTY .
Yes when you sell and get money, the lawyers will definitely help you fill in the tax form CGT .

At this point , you got two options .
If you decide to claim this Sale as your first life time claim under CGT exclusion clause then the money you collected need not be tax !
My advice is you need to think whether you want to apply this exclusion clause under CGT if your margin profit is low and you claim it ?
Only you so sure it's the highest margin you will ever earn !!

The CGT will levy on the seller profit pending years held of the property before sold . The highest tax levy will be within 3 years and decrease % tax with more years held.

The govt is trying to cool speculation by increase the CGT.
So flippers n speculative sales are tax high .

Despite this , prices still go up etc

Citydude,

Thanks. I will hold for 5 years and use the facilities for the beginning few year....since all the facilities had been paid for it.... utilize it till kaw kaw....

oh got option one. I see. Thanks CityDude. For me, this is my first ever property, so can choose

Let's hold for minimum 3 years

Let us hold for 2-3 year... at least we use the facilities first...

Ya hopefully the roof sky garden will be very beautiful and relaxing one

All the material they use is quality product. I dun think they will mess up the sky garden as well as sky swimming pool at SOHO unit..... they will branded their NAME well so tat the YUK TUNG brand name can be well-known around KL area....