GST 7%, included into property buying too?
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 May 20 2013, 11:15 AM
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#1
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627 posts Joined: Jul 2005 
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QUOTE(swordfish911 @ May 20 2013, 11:12 AM) 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. |
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May 20 2013, 02:01 PM
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#2
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627 posts Joined: Jul 2005
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QUOTE(liam_emmet @ May 20 2013, 01:12 PM) 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.. Need to wait for another 5 years in order to change this true. hahaha. |
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May 20 2013, 02:02 PM
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#3
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627 posts Joined: Jul 2005
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QUOTE(talkmore @ May 20 2013, 01:53 PM) Buyer or seller also need bared the cost... What I can said is most of the time, the buyer will bear everything.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.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. |
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May 20 2013, 02:24 PM
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#4
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627 posts Joined: Jul 2005
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QUOTE(liam_emmet @ May 20 2013, 02:19 PM) which means that in the end it was the end user, the rakyat need to bear the cost... Because our lovely government already give a lot of people RM 500 before the election, now is time to collecting back those gula-gula |
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