QUOTE(keelim @ Mar 15 2012, 03:19 PM)
In Sg, transferring property 'HDB' has to be at the market price - assessed by a valuer/bank. Hence, the process will entail capital gain tax in a typical boom market. I think Msia has the same clause as well. Transferring the property to your siblings is actually quite "costly" and not advisable from a tax point of view. It's better to play by the rules set by HDB. Compliance is better than evasion.
Can't really remember wats the original questions, but i beliv sombody wanted to buy HDB property, but got a Malaysia property.
Hence, i beliv was refering to transfer the property in Malaysia. An in Malaysia, if its more than 5 yrs i beliv no RPGT or very minimal if any. 5% on profit. Further, market value of pretty vague. U appoint the valuer and u tell the valuer dun value so high lor. Using bank's valuer (on the pretext of refinancing ur property) is also another way. Banker dam kiasu / conservative in valuation. So if ur property profit RM100,000 at most u pay 5% = RM5,000 only. WIth that profit ur property should be about RM1m, RM5,000 cannot pay meh.
About transfer to siblings, not sure attract RPGT or not, but provided less than 5 years. But i beliv trasnfer to parent no nid.
On HDB compliance side I dun see any risk. U transfer ur Malaysia property to somebody, so tat u can buy HDB. HDB have a hard time proving whether u are genuinely selling to ur sibling/parent or 'transferring'. Anyway, so what if i was transferring as a gift to them? Most important make sure no property loan. How is Singapore to prove whether u are selling or transfering ur property in Malaysia? Are they going to talk to Malaysia government for a G2G initiative just to catch such things, and its so hard to prove that the transferee is holding the prop as transferor as a nominee?
Added on March 15, 2012, 4:22 pmQUOTE(ky_khor @ Mar 15 2012, 03:53 PM)
Eh you missed the whole point of the salary report. It's the report following the company, not the other way round.
Edit: I notice a lot of ppl take pay cut in term of number when moving to Singapore. That's not healthy. You should at least aim for 1:1 unless you're overpaid in M'sia. I got 5% increase in number (before conversion) when moving to Singapore last Sept. Then I got pro-rated 13th month salary on Dec, CNY ang pao on Jan, pro-rated 3.7 months bonus on Feb, and 5% salary pay rise this year back dated to Jan 2012. Not bad for a guy who spend 1/4 year in Singapore goyang kaki in 1st month, receiving training the 2nd, celebrating Christmas and New Year the 3rd lol.
Don't spoil the market, people.
Unfortunately we dunno wat sort of samples robert walters is using. If they only sample from MNCs, then is will skew towards higher end.
anyway, gotto take it with a pinch of salt.
On taking paycut or not it depends on a lot of factors. Type of industry, type of work, type of company, type of expereince u have, type of qualification u have, reasons why u wan to move here, growth rate in the furture, opportunity cost. Cant really assume its the same lor.
This post has been edited by Aloong: Mar 15 2012, 04:22 PM