FAQ

How to calculate and make payment for Master Title?

RM0.06 per square feet. Pay annually before 28 February by construction then just collect from each household.

How much to pay for land tax and assessment tax each year?

About RM 1,000-3,000.

Assessment Tax Rate:Based on each year estimate value

Property type

below 36 square miles

 

36 square miles and above

 

 

2013

2014

2013

2014

Commercial buildings

12%

10%

10%

8%

Condominium

10%

7%

8%

5%

Residential

6%

4%

6%

4%

Budget flats

6%

2%

6%

2%

Commercial space area

7%

5%

6%

5%

Vacant area

2%

1%

2%

1%

What payment should be make when changing name for strata title. How to calculate it?

Stamping fee

Sales & purchasing price

Rate

0-RM100,000

1%

RM100,001- RM500,000

2%

RM500,000以上

3%

Should pay for 'Strata Title stamp duty' when Sales & Purchasing of real property? How to calculate?

Only required to pay If buyer purchase a pre-sales house after developer send out Strata Title. However, if buyer purchase a complete house with Strata Title, then payment should be make within one month.

Sales and Purchasing Price

Rate

0-RM100,000

1%

RM100,001- RM500,000

2%

RM500,000以上

3%

 

 

 

Did rental contract levy for stamp duty?

YES, calculated based on:

 Tax allowance:RM 2400

Rental period

Rate

In one year

RM 1/250

one year - two years

RM 2/250

More than three years

RM 4/250

外國人在馬來西亞的房租收入需不需要繳稅?

需要,稅率為26%,每年五月繳付。

外國人在馬來西亞的房租收入是不是要全額繳稅?

不是,可以扣除地稅、門牌稅、貸款利息、火險及地震險保費、房屋維護及裝潢費用、購置家具費用、物業代管費、計算及收取租金的費用及介紹租戶的佣金。實務上,只要有收據而數額占房租收入的10-15%皆可扣除。

產業盈利稅如何計算?

依2014年的規定:

脫售產業

公司

個人

(公民及永久居民)

非公民

3年內

30%

30%

30%

第4年

20%

20%

30%

第5年

15%

15%

30%

第六年及之後

5%

0%

5%

馬來西亞對外國人擁有的房產是否徵收贈與稅或遺產稅?

不徵收。但台灣仍會對台灣人在台灣以外的地方所擁有的財產課徵贈與稅或遺產稅。

Whether the property can be jointly owned? Maximun number for jointly owned?

As long as over 21 years old, there is no other restriction for jointly owned. According to previous cases, more than three will lead more disputes. Also create more trouble when need to transfer.

Description of Basic Tax levy for Personal's Oversea Income.

From year 2006, implementation of ‘Basic Income Tax Act’. The purpose is to allow some people with higher income but pay less or even do not need to pay tax, to be paid at least the basic income tax to promote tax fairness. According to Article 12 of the Ordinance, individuals should be included in taxable for personal income from overseas since 1 January 2010.

The main reason personal oversea income should be included is before this act, consolidated income tax only taxable for oversea income source from Republic of China. This is not fair caused people moving their fund for investment in others country but the income is no taxes. This also will lead capital outflows. Personal oversea income included in Basic Income Tax Act may reduce the taxable differences for income source from Republic of China and others country. This act in line with international practice.

Tax payable for Oversea Income include:

  1. Nationality for Republic of China and who lived in Taiwan(regardless how long stay) ; or
  2. Not nationality for Republic of China,but stay at Taiwan for accumulate 183days in the year.

People still do not have to declare oversea income if he fulfill above condition but income less than a certain amount. People who income reach certain amount but paying less tax or even free from taxes will required to pay the Basic Income Tax, so the actual affected is limited.

  1. Not required to declare if a family oversea income below NTD one million.
  2. Not required to declare if a family oversea income above NTD one million, but below six million after added income source from Republic of China
  3. Should be declare if a family oversea income above NTD one million, and income source from Republic of China exceed six million.
  4. Not nationality for Republic of China, but stay in Taiwan for accumulate of 183 days in the year.

So that, only people with higher income should declare for oversea income, there is not affected for public.

 

Singapore: Owner-occupier's property

Owner-occupier’s progressive rate effective since 1 January 2011.

 

In 2010 Budget, government announced that from year 2011, owner-occupier property rate will be change for the previous 4% to Progressive Tax Rate according to property annual value. Existing Property Rate Discount (RM 25 to RM150) will be end after 31 December 2010.

Most owner will benefit from this 0%, 4% & 6% progressive system. Since the annual value of the first $ 6.000 will be exempt from tax, owner will save $240. This means that private & HDB flat owner will pay less from year 2011.

Property tax for annual value exceed $77,000 will be more higher caused new rate is higher than 4%.Non owner-occupier property rate will be 10%.

Annual Value

Rate

First of $6.000

0%

Following $59.000

4%

Balance above $65.000

 

6%

 

Singapore: What is property tax?

Property tax is tax payable by the property owner, no matter whether the property is vacant, for self use or for rent.  Income tax is payable only when the owner receives rental from that property. 

Annual Value ($) Tax Rates (%) Tax Payable ($)
First $ 8,000
Next $ 47,000
0
4
0
1,880
First $ 55,000
Next $ 15,000

6
1,880
900
First $ 70,000
Next $15,000

8
2,780 
1,200
First $ 85,000
Next $ 15,000
-
10
3,980
1,500
First $ 100,000
Next $ 15,000
-
12
5,480
1,800
First $ 115,000
Next $ 15,000
-
14
7,280
2,100
First $ 130,000
Above $ 130,000
-
16
9,380

 

 

 

How to calculate Property Tax?

Property tax amount is worth a certain percentage of property's yearly value.

Currently tax rate for owner-occupier is 10%.

Owner-occupier enjoy preferential progressive tax.

Singapore: How to evaluate property annual value?

Annual value is the amount for a property's annual rental income. Property's annual value is evaluated by similar standard. Inland Revenue Authority of Singapore (IRAS) will evaluate the property's annual value to make sure that it matches the market price.

Singapore: How to find out annual property value?

You can find out your own property's annual value through https://mytax.iras.gov.sg (my Tax > View My property Tax > Viex My Prrop Portfolio.

You can find out others property by each times charges $2.50 through  www.iras.gov.sg > Quick Links > e-Services > Propety > e-Valuation List.

For a property newly completed or still under construction, its value may not be on the Valuation List.

Singapore: Can I raise an objection to the annual property value?

YES. Any objection can be raised within 21 days from the date of notice issued through https://mytax.iras.gov.sg (my Tax Portal) (enter your SingPass >e-Services for Property Tax > File Objection to Annual Value) if you have an argument with your property value for current year.

Singapore: When should I & how to make payment for Property Tax?

Property tax is paid annually in advance. IRAS will send out the statement by the end of each year.

Payment should be made before 31 January of next year, otherwise extra 5% fine will be collected.

You may enjoy 12-month interest-free installment if payment is made by GIRO.

Please visit www.iras.gov.sg>Ouick Links > Payments to find out more info.

Property tax amount adjusts if the property value changes. Additional property tax occurs when property value increases. Tax payment should be cleared within one month from the date notice received if payment not made by GIRO.

 

 

Singapore: Property tax calculation example

Example 1: Annual value $9.000

First of $6.000x0%

$  0

Following $3.000x4%

$120

Tax Payable for year 2011

$120

According to previous tax rate, 4%

$360

Example 2: Annual value $24.000

First of $6.000x0%

$  0

Following $18.000x4%

$720

Tax Payable for year 2011

$720

According to previous tax rate, 4%

$960

Example 3: Annual value 84.000

First of $6.000x0%

$   0

Following $59.000x4%

$2.360

Balance of $19.000x6%

$1.140

Tax Payable for year 2011

$3.500

According to previous tax rate, 4%

$3.360

 

 

Singapore: How to calculate Property Tax?

Property tax amount is worth a certain percentage of property's yearly value.

Currently tax rate for owner-occupier is 10%.

Owner-occupier enjoys preferential progressive tax.

Who could qualify for Owner-Occupier's Tax Rates of owner-occupied? How should I apply?

You are meet the conditions for Owner-occupier'sl Tax Rate as long as you individual or couple living in your own homes. This special offer only applicable for individual or couple to own a house. Termination of special rate if you sales out or not longer stay at this property.

If you qualify for above term and condition, but still levy 10% tax rate, please visit: https://myatax.iras.gov.sg(mytTazx Portal) > key in your SingPass > e-Services for Property Tax > Apply for Owner-Occupier”s Tax Rates.

 

Singapore: When my property is on sales process, should I pay property tax for the following year?

Property tax should be paid before 31 January of each year. You should pay the tax for year 2011 if the selling transaction completes on year 2011. Normally the tax amount will be relocated between buyer and seller by lawyer when you sign the Sales and Purchase Agreement. 

 

 

 



Exclusive News

Real estate investors look to Southeast Asia
2017-01-11
〔THE CHINA POST〕 TAIPEI, Taiwan -- Facing a low-performing local real estate market, Taiwanese investors are reportedly putting their money abroad in up-and-coming development properties throughout Southeast Asia. Two large international real estate firms hosted separate press conferences on Tuesday to analyze the latest trend in real estate purchases. According to Executive Director David Chin (泰啟松) of Asia Pacific International Property, the firm, which specializes in real estate transactions in the Asia-Pacific region, made nearly NT$7.3 billion in sales.