Article - Different types of Property Tax in Malaysia Property taxes are a certainty that all property owners must face. There are taxes for every step of the way- during the purchase of property, owning of property and of course, the selling (or transferring) of property. This simple guide aims to give property owners a better idea of what are the most common taxes, under what circumstances they apply as well as how to calculate them throughout the different stages of buying, owning to the letting go of property. Purchasing a Property 1. Stamp Duty During the purchase of a property, there is a ton of paper work involved, which is already quite overwhelming in itself. Stamp duty makes things a little more complicated (and costly) to purchase a property. Stamp duty is imposed on the ‘instrument of transfer’ (or documents) related to the purchase or transfer of the property, which is paid for by the buyer. These include the Sales and Purchase Agreeme...
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