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Investment EKOCHERAS @ JALAN CHERAS (Ver 2) [MRT PROPERTY], Where Cheras becomes Mont'Jiulai
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superpigchan
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 May 12 2014, 11:11 AM
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QUOTE(kochin @ May 12 2014, 10:43 AM) in the talk i attended, the speaker cautioned that the tenant might actually prefer to be charged 6% gst in future because the tenant is able to claim input tax. this is in comparison to landlords who doesn't. not me say. Custom say punya: http://gst.customs.gov.my/en/rg/SiteAssets...0Jan%202014.pdfif you rent to tenant as a individual to stay, he considers as end user, no input tax to be claimed. if you rent to tenant to use as office, and his business size is bigger than RM 500K / annum, he can claim back as input tax but however, no matter how, why tenant prefer 6% charges? because this money will eventually go to government even you can claim back, but you need to pay 6% more that those not charge you 6% ar item 7. |
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kochin
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May 12 2014, 11:21 AM
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QUOTE(superpigchan @ May 12 2014, 11:11 AM) i dunno the details. probably because if he lease a shoplot from you. say individual @ RM3k/mth he does consulting and charges others a fraction of the rental of the shoplot to others. say total at RM5k/mth + 6% GST (RM300). he needs to pay GST RM300 per month. say co @ RM3k/mth + 6% gst (RM180) he does consulting and charges others a fraction of the rental of the shoplot to others. say total at RM5k/mth + 6% GST (RM300). he needs to pay GST RM300 per month. but he can claim back RM180 which he paid earlier? so his actual GST is only RM120 instead of RM300? like i said, i dunno the details. don't shoot me!  |
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CaptainCool
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May 12 2014, 11:28 AM
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hahaha, no shooting here la. it's just healthy discussion to share more infos.... no one's winning anyway when the government implements GST.
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Jagalat
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May 12 2014, 11:42 AM
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QUOTE(CaptainCool @ May 12 2014, 12:28 PM) hahaha, no shooting here la. it's just healthy discussion to share more infos.... no one's winning anyway when the government implements GST. Gov wins...LOL |
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CaptainCool
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May 12 2014, 01:51 PM
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QUOTE(Jagalat @ May 12 2014, 11:42 AM) Fat woman wins,more cincin!!!! |
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CMW123
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May 12 2014, 01:59 PM
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My understanding is although the Custom guidelines categorised SOHO under commercial, REHDA has written to Custom to apply GST based on the usage of the actual unit. If it is argued that SOHO is under HDA and hence is residential, then the usage should be residential and not subject to GST in both selling price and subsequent rental charged.
Not sure whether REDHA has receive the confirmation or not yet...
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The Jedi
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May 12 2014, 08:21 PM
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QUOTE(CMW123 @ May 12 2014, 01:59 PM) My understanding is although the Custom guidelines categorised SOHO under commercial, REHDA has written to Custom to apply GST based on the usage of the actual unit. If it is argued that SOHO is under HDA and hence is residential, then the usage should be residential and not subject to GST in both selling price and subsequent rental charged. Not sure whether REDHA has receive the confirmation or not yet... You are right......keke! This Ekocheras SOHO is under HDA and hence the use is classified as residential... GST exempted. |
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neonikson1
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May 12 2014, 09:45 PM
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Once the mall is confirmed, will the authority still consider soho sitting on a mall a residential property?
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The Jedi
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May 12 2014, 10:39 PM
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QUOTE(neonikson1 @ May 12 2014, 09:45 PM) Once the mall is confirmed, will the authority still consider soho sitting on a mall a residential property? GST depends on the use of the property and not the title nor it's sitting on an integrated commercial devp Given this is a new project and the use is then determined by HDA and the design concept...the latter cld be difficult when soho has dual use |
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neonikson1
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May 13 2014, 10:50 AM
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QUOTE(superpigchan @ May 12 2014, 11:11 AM) So can we say that if the owner is not registered for GST then the tenant will not be charge GST regardless of whether is use for commercial or not? |
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soon9913
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May 13 2014, 12:20 PM
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GST licensee tenant would prefer owner charge them GST so that they can claim it from custom as input tax.
However, SOHO means small office home office which target for small business or individual and very likely this group of tenant does not have GST licence. Therefore, they will prefer if the owner not to charge them GST as it is not claimable for them. It is just my speculation.
This post has been edited by soon9913: May 13 2014, 12:26 PM
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soon9913
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May 13 2014, 12:33 PM
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QUOTE(neonikson1 @ May 13 2014, 10:50 AM) So can we say that if the owner is not registered for GST then the tenant will not be charge GST regardless of whether is use for commercial or not? I gues so. From my understanding, only GST licensee can charge GST ... |
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superpigchan
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May 13 2014, 01:12 PM
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QUOTE(soon9913 @ May 13 2014, 12:20 PM) GST licensee tenant would prefer owner charge them GST so that they can claim it from custom as input tax. However, SOHO means small office home office which target for small business or individual and very likely this group of tenant does not have GST licence. Therefore, they will prefer if the owner not to charge them GST as it is not claimable for them. It is just my speculation. As long as yr business annual turnover is less than RM 500K, you are at your own choice to choose whether you want to be a GST tax payer or not, whereas if your annual turnover is more than RM 500K, it is compulsory. |
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superpigchan
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May 13 2014, 01:15 PM
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QUOTE(neonikson1 @ May 13 2014, 10:50 AM) So can we say that if the owner is not registered for GST then the tenant will not be charge GST regardless of whether is use for commercial or not? true. if you purchase under individual name, and you are not declare as a GST tax payer, you no need to charge your tenant with GST no matter it is commercial or residential but if you purchase under your company name, and your company is registered as a GST tax payer, you are compulsory to charge your tenant with GST if it is commercial. |
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Jagalat
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May 14 2014, 10:02 AM
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Anyone observed that there were a few mini property fair going on last few days?
For example:
(1) Paradigm mall - around 20 booths
(2) TCM - less booths more for subsale
(3) Sunway Pyramid - Claimed to be 40th anniversary, but selling Sunway properties.
Wondering if they do it interest hike or the market is slow.
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syong888
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May 14 2014, 12:13 PM
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One more salt to the SOHO under HDA debate, utility will be under residential rate. How about assessment rate from DBKL whether based on residential or commercial since the land is commercial title  |
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neonikson1
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May 15 2014, 10:34 AM
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QUOTE(Jagalat @ May 14 2014, 10:02 AM) Anyone observed that there were a few mini property fair going on last few days? For example: (1) Paradigm mall - around 20 booths (2) TCM - less booths more for subsale (3) Sunway Pyramid - Claimed to be 40th anniversary, but selling Sunway properties. Wondering if they do it interest hike or the market is slow. Market is quiet, now no more BBB, DDMB, WWW, kind of project. The chi is not there, I missed the good old days.... |
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putraperdana
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May 15 2014, 10:49 AM
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Getting Started
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Now is the best time to buy before it starts to go up again.
"Be greedy when others are fearful" - Warren Buffett
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Garmin_GPS
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May 15 2014, 10:56 AM
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QUOTE(neonikson1 @ May 15 2014, 10:34 AM) Market is quiet, now no more BBB, DDMB, WWW, kind of project. The chi is not there, I missed the good old days.... when GST implemented, your day will come  |
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CaptainCool
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May 15 2014, 11:10 AM
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eh, i went to see some other showrooms also have a bit of crowd woh, of course not as crazy as ekocheras la.... but then midfields 2 also ppl queue up overnight leh.....
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