Hi all ,

I'm selling my first property through agent. Can anyone advise what I need to pay?
I bought it 200k, now selling it for 350k. Agent will charge me 2%.

This is what the costs I know I need to pay :

Agent fees: 2% of 350k = 7000
Loan lock in period = 3 years, so no penalty.

Did I miss anything else ?

Can I have more details of your property?

Perhaps I might be interested. Am looking to buy subsales property as my first home.

1) RPGT if less than 5 years from your s&p you bought.
2) Lawyer fees.

My property is 4 years + from the snp date , how much do I need to pay ?

Can't I use buyer lawyer so that I don't have to pay for it !?


This post has been edited by Adrian1981: Dec 17 2016, 02:38 PM

4 years plus, so it's deemed at 5 year. Based on the rate, will still need to pay 15% on property gain tax. If can hold until crossed 5th year, then 0% tax

http://www.mondaq.com/x/469010/Understandi...You+In+Malaysia

As for lawyer, the risk of using buyer's lawyer is that the lawyer will not act in your best interest as his client is the buyer.

Better get your own so that you have someone to take care of your interest in the SPA.

If u declare this property as yr first home ..perhaps u could be exempted from paying the tax..but one for life time ...afterall 4 years plus is just a bit short of 5 ...can u wait ? Or u do not mind to pay the tax..

Many countries have this exemption..but best is for u re check with other sources to see whether still applicable here

This post has been edited by SKY 1809: Dec 17 2016, 03:00 PM

need to know exactly what type of property you bought......there are other cost too but not as much as agents fee and legal fee.

even you pegging back buyers lawyers, it doesn't mean it will be free.

also need to check if your banks lock in period is from 1st disbursement or full disbursement....

its not worth it to use life time exemption for tis claim...IMO.

Whr is this prop area? Size? Pm me some of my friend looking for own stay property around klang valley

just an option only..worst case scenario..

but if u to migrate to outside m'sia, can consider lah

As others said, below 5 years from your s&p, u need to pay tax. Use buyer's lawyer u also need to pay, may be lower a bit only. I suggest you use your own lawyer in this matter. I don't see other fees which you need to concern much as lawyer fees, agent fee, and tax.

migrate doesn't mean you have to give up Malaysian citizenship.

Non resident tax could apply.....u are treated like non citizen..for income tax purpose..whether u are actual Malaysian or not ..

i.e u need to follow non resident tax schedule ..and not the normal one.

This post has been edited by SKY 1809: Dec 17 2016, 03:32 PM

like that you dun need to migrate also can kena non tax resident tax.

It's the physical presence in the country that determines tax residence status, i.e 180 days (or 181 days). So if a person (citizen or foreigner) is physically presence in Malaysia for that number of days, then will be consider tax resident.

U can avoid tax mah like Robert Kuok...being staying in tax heaven for longer duration..

section 4a of Income Tax Act.

haha.......staying in tax haven wouldn't exempt you from taxing on your property held in Malaysia leh....

you can stay on moon but if you sell any property within the tax jurisdiction of Malaysia...still kena lah.

Haa..haa... 👍

Rpgt.