Sep 23 2015, 10:27 AM
QUOTE(suadrif @ Sep 17 2015, 04:28 PM)
u apply loan rm100k
total commitment become rm180k because of interest
u sell the house rm120k
bank will consider as full settlement
full settlement dont have interest
when interest is gone, balance payment is rm100k
rm120k - rm100k = profit rm20k
if u buy and sell immediately, u will be charged 50% tax.
so your profit is RM10k, balance rm10k become BR1M
Hi, if buy and sell immediately within 3 years from S&P date its 30% Real Property Gain Tax. Not 50%. total commitment become rm180k because of interest
u sell the house rm120k
bank will consider as full settlement
full settlement dont have interest
when interest is gone, balance payment is rm100k
rm120k - rm100k = profit rm20k
if u buy and sell immediately, u will be charged 50% tax.
so your profit is RM10k, balance rm10k become BR1M
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