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 Selling my first house, What need to be pay

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SKY 1809
post Dec 17 2016, 02:57 PM

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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
SKY 1809
post Dec 17 2016, 03:09 PM

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QUOTE(BEANCOUNTER @ Dec 17 2016, 03:04 PM)
its not worth it to use life time exemption for tis claim...IMO.
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just an option only..worst case scenario..

but if u to migrate to outside m'sia, can consider lah
SKY 1809
post Dec 17 2016, 03:25 PM

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QUOTE(BEANCOUNTER @ Dec 17 2016, 03:15 PM)
migrate doesn't mean you have to give up Malaysian citizenship.
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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
SKY 1809
post Dec 17 2016, 04:07 PM

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QUOTE(BEANCOUNTER @ Dec 17 2016, 03:53 PM)
like that you dun need to migrate also can kena non tax resident tax.
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U can avoid tax mah like Robert Kuok...being staying in tax heaven for longer duration..

 

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