Investment 4 Critical Signs of a Bubble Market, Property Investment
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 Jan 11 2014, 01:04 AM
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#1
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368 posts Joined: Apr 2009 
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QUOTE(CK15 @ Jan 11 2014, 12:45 AM) Attended the briefing for GST project. The partner form EY expects the resident property's price likely will increase, reason being the Developers can't claim back GST from upstream supply, therefore it'll factored in their cost into the property price...... true? I don't know.. will see till then. Why it cannot be claim back?  |
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Jan 11 2014, 06:24 AM
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#2
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Junior Member
368 posts Joined: Apr 2009
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QUOTE(HuiChyr @ Jan 11 2014, 05:45 AM) So for GST ...rental have to pay GST? Seems no for residential property. Sale of commercial properties going to subject to GST. Appreciate if anyone can confirm this.  http://gst.customs.gov.my/en/rg/Pages/rg_ig.aspx Lease of Immovable Property (a) Lease of land or building The general GST treatment where real properties are leased is as follows: (i) the lease of private residence e.g. an apartment is an exempt supply (ii) the lease of commercial property e.g. shop is a taxable supply (iii) the lease of long term commercial residence e.g. on site van is an exempt supply |
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Jan 14 2014, 10:38 AM
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#3
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368 posts Joined: Apr 2009
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QUOTE(icemanfx @ Jan 14 2014, 10:33 AM) Given many GLC are monopoly and paying dividend to gomen, indirect tax in Malaysia is among the highest. what is glc?Higher tax may not generate additional tax but will encourage more counterband. |
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