Taxes involved in Property Ownership in Malaysia

This list should be used as a reference only. Please clarify with the vendor before you decide to commit into any property transactions.

1. Real Property Gain Tax (If you sell your property within the 1st 5 years)
- Sold after 1st & 2nd year – 15% of the gain
- Sold after 3rd to 5th year – 10% of the gain
- Thereafter – 0% tax

2. Income Tax
- Liable to be taxed 30% of income

3. Assessment Tax
- (A percentage x by the government valuation of the property)
- Residential title – 0.14% of government valuation
- Commercial title – 0.23% of government valuation

4. Quit Rent (premium payable to land Office)
- Nominal sum based on land value