Hi all,
On last month, GST bill tabled in the parliament for first reading already. However, the rate of the tax is still haven't been announced yet. Besides, there is also no announcement on which goods fall in exempt supplies good, zero rated goods and standard rated goods.
However, based on previous announcement in Budget 2014, residential property will be fallen into exempt supplies good categories.
I wish to buy a house in next two year. However, this GST scheme worry me as i dont know what will it cause to the residential property's price in the market. When i read some articles in newspaper and on the internet, i found that some opinion will suggest that housing price may increase when GST been introduces while some suggest that it will not be affected by this tax scheme.
U all may read on these few online articles which suggest the mixed opinion on effect of GST toward residential property's price:
http://www.thesundaily.my/news/865991
http://loanstreet.com.my/learning-centre/H...Property-Market
http://www.theedgemalaysia.com/property/26...rall-costs.html
Do anyone have any opinion on this effect of GST? Do yours think that the price of house increase, reduced or will not affected by GST?
This post has been edited by blackswan88: Apr 17 2014, 04:04 PM
How GST affect on Residential Property's Price