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 ?

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

just an option only..worst case scenario..

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

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.

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..