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> RPGT 5% after 5 years need to be U turn.

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TS New Klang
post Jan 22 2019, 11:01 AM, updated 3 months ago

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Maybe it should not be introduced.

I think this year govt will U turn.
Chowda
post Jan 22 2019, 11:02 AM

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This wont happen, why? Cause the ones gomen targeting are poor people. Not middle income people. 5% will control speculation, so price wont go up suka suka hati.
seather
post Jan 22 2019, 11:03 AM

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why? invested too much? cant offload now?

maybe 1st and 2nd property should have exemption...

in malaysia how many ppl can afford more than 3 properties?

SerioseCat
post Jan 22 2019, 11:07 AM

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well, Persatuan Flipper Hartanah Malaysia should have a say to the impact to their livelihoods!
+3kk!
post Jan 22 2019, 11:07 AM

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QUOTE(seather @ Jan 22 2019, 11:03 AM)
why? invested too much? cant offload now?

maybe 1st and 2nd property should have exemption...

in malaysia how many ppl can afford more than 3 properties?
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oh you'd be suprised

property markets tend to be taken up by the few, if it was just 1-2 you won't get this spike post 08'
Boldnut
post Jan 22 2019, 11:09 AM

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QUOTE(Chowda @ Jan 22 2019, 11:02 AM)
This wont happen, why? Cause the ones gomen targeting are poor people. Not middle income people. 5% will control speculation, so price wont go up suka suka hati.
*

intitutional investors wont care about the 5% anyway, they go in below market price, sometimes b4 launch.

This post has been edited by Boldnut: Jan 22 2019, 11:10 AM
incubus_skj
post Jan 22 2019, 11:11 AM

ini semua sarahan...
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flippers pi mampus

padan mukak kek
Chowda
post Jan 22 2019, 11:12 AM

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QUOTE(Boldnut @ Jan 22 2019, 11:09 AM)
intitutional investors wont care about the 5% anyway, they go in below market price, sometimes b4 launch.
*
If thats the case, even less opposition for the 5% rate. The only ones who make noise are those who bought in secondary market
TS New Klang
post Jan 22 2019, 11:13 AM

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I am sure many landed freehold properties in PJ bought after year 2000 gained almost 1 million and extra 5% will cost RM 50000, which can buy a new Myvi.
Boldnut
post Jan 22 2019, 11:16 AM

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QUOTE(Chowda @ Jan 22 2019, 11:12 AM)
If thats the case, even less opposition for the 5% rate. The only ones who make noise are those who bought in secondary market
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even secondary market, those lelong ones is left over shit.

I know a guy who bought some lelong lux condo in KLCC area, 30% below market, thats b4 the condo get lelong by bank. The seller want quick cash and couldnt afford have his name in blacklist.

that 5% will only hurt genuine buyer or low class flipper.

TOMEI-R
post Jan 22 2019, 11:20 AM

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With the current economic situation and the government in dire need for money, you will need to pray really really hard.
Btw TS, what is the reason for your request? So that flippers could continue to flip properties in the market?

This post has been edited by TOMEI-R: Jan 22 2019, 11:21 AM
Guenhwyvar
post Jan 22 2019, 11:22 AM

Might be on tilt. Might be, I don't care.
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Let the blardy flippers and developers die for being greedy. rclxms.gif
TS New Klang
post Jan 22 2019, 11:24 AM

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QUOTE(TOMEI-R @ Jan 22 2019, 11:20 AM)
With the current economic situation and the government in dire need for money, you will need to pray really really hard.
Btw TS, what is the reason for your request? So that flippers could continue to flip properties in the market?
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I am luffing at this move that backfired
hotjake
post Jan 22 2019, 11:25 AM

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if no U-turn, i vote BN
destiny6
post Jan 22 2019, 11:27 AM

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QUOTE(seather @ Jan 22 2019, 11:03 AM)
why? invested too much? cant offload now?

maybe 1st and 2nd property should have exemption...

in malaysia how many ppl can afford more than 3 properties?
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A lot actually......I myself also more than that
mroys@lyn
post Jan 22 2019, 11:36 AM

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QUOTE(New Klang @ Jan 22 2019, 11:13 AM)
I am sure many landed freehold properties in PJ bought after year 2000 gained almost 1 million and extra 5% will cost RM 50000, which can buy a new Myvi.
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as i mentioned in other thread, just tell IRB that you did huge renovations in year 2000, 2005, 2010 (no receipt). no gain, no tax!
TOMEI-R
post Jan 22 2019, 11:37 AM

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QUOTE(New Klang @ Jan 22 2019, 11:24 AM)
I am luffing at this move that backfired
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Only flippers and developers get hit really hard with this move by the government. Normal consumers who buy for own stay couldn't less be bothered by this move.
TS New Klang
post Jan 22 2019, 11:38 AM

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QUOTE(mroys@lyn @ Jan 22 2019, 11:36 AM)
as i mentioned in other thread, just tell IRB that you did huge renovations in year 2000, 2005, 2010 (no receipt). no gain, no tax!
*
How to explain to IRB the source of undeclared income for the huge renovations?


MR_alien
post Jan 22 2019, 11:39 AM

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why not?
poor ppl buy house to live
only rich ppl and flippers buy house to resell, if u wanna resell thn pay the tax

This post has been edited by MR_alien: Jan 22 2019, 11:44 AM
TS New Klang
post Jan 22 2019, 11:39 AM

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deleted

This post has been edited by New Klang: Jan 22 2019, 11:43 AM

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