will this GST 7% is to be implement into property buying? if it does, would be like i need to pay 7% from the property price and etc?

I think all will be include, from you buying a tissue paper until buying a property and so on. And all the service you get during the purcasing property also will be charge for 7% such as legal fees and so on.

True?? A 100k property would taxed for 7k straight away, how ridiculous.

agree.. now already the people having a hard time getting own house..if really implemented into property, conservative calculation of 100k is 7k. nowadays a decent property easily cost 300k or 400k onwards.. it could be implemented coz our magician says got affordable house for u all..

Buyer or seller also need bared the cost...
if really apply GST on house purchaser...normally will be calculate base on net sales price.(This apply to country like Singapore or Australian.)
For the seller like developer/property agent,they need add out all the income(basic+ commission)before get GST.
That include lawyer,bank legal fee also add up together with GST fee...

Really need in future.

Need to wait for another 5 years in order to change this true.

hahaha.

What I can said is most of the time, the buyer will bear everything.

Because if government tax to the vendor/owner/seller, than they will just mark up again their price.

For example, initially they want to get back 200k, since now already implement this tax, they just want to let go at lease at the price of 214k.

I don't think so , government already charge so high stampduty for the property transaction , as i know most of the basic need like rice ,sugar, petrol etc is excluded from the GST . maybe the lawyer fee (service charge) u have to pay GST .

no, property is GST exempted.

What to do...GST apply mostly to every one...
If best GST just apply on property about 1 milion.That should ok.
If really GST apply to bank loan..omg....that pain....exp:bank loan 400K,+7%(28K),buyer no money pay 7%,so apply loan+gst 7%=428K.

but if we no use goverment service to do transaction,that mean no need pay gst....exp:jual goreng pisang tepi jalan.

aiya.

i already answer this one la.


QUOTE(HiT-AbLe @ May 20 2013, 10:47 AM)
Do we have to pay GST for buying property in case barang naik implements GST?
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indirectly already included on the developer materials price.

Property is exempted. But agent fee need to pay gst.

since so long alr got 6% service tax on Lawyer Fees, Agent Fees.. You check your old bill you'll see it

which means that in the end it was the end user, the rakyat need to bear the cost...

it is anytime better to buy now instead of next year..even no gst property will sure increase

eh..where u buy the pisang ah? buy the utilities for the goreng leh? also kena 7% isnt it?

Because our lovely government already give a lot of people RM 500 before the election, now is time to collecting back those gula-gula

yup...agree.. good la, keep on vote them la..mati sama sama...

nothing is guarantee in malaysia .

get pisang from kampung ppl,use the old kuali,buy recycle oil from kfc & throw some plastic..that will be a lot of business.(usually how famous goreng pisang tauke do)...erm..for tepung,no choose,need buy lo...