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Our guide below sets out the main local taxes and assessments property owners pay in Malaysia. One interesting aspect of property ownership in Malaysia is the fact that houses generally pay much lower assessments than apartments or condominiums. A typical home in a prime residential area will often pay less than $100 per year in property taxes and assessments, but yet still enjoy world class public services such as street cleaning, refuse disposal and 'fogging'.
Local Taxes & Assessments: For a Small Apartment
Tax Liability
Real property gain tax is not levied upon disposal of the property for which no gain has been made. Click here for details of current Real Propetry Gains Tax (RPGT) rules.
Condominiums and Apartments
Maintenance Charges & Sinking Fund (payable monthly)
Monthly maintenance charges generally: @ RM 0.25 p.s.f
Monthly sinking fund generally: @20% of the total monthly maintenance charge
Example for an apartment @ 531 sq. ft & and apartment @ 788 sq. ft.
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Example: 531 sq. ft |
Example: 788 sq. ft |
| Maintenance charges: |
531 x RM 0.25 = RM 132.75 |
788 x RM 0.25 = RM 197.00 |
| Monthly sinking fund: |
RM 132.75 x 20% = RM 26.55 |
RM 197.00 x 20% = RM 39.40 |
Total Monthly:
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RM 159.30 or UK£ 23.43 |
RM 236.40 or UK£ 34.76 |
‘Quit Rent’ (A Land Tax – payable to land office)
Approximately RM 50.00 per annum (UK£ 7.35)
‘Assessment’ (Council Tax) – payable to local authority , e.g. Port Dickson District Council)
This depends on the size of the unit.
Approximately RM400.00 (UK£58.82) to RM500.00 (UK£73.53) per annum for a property similar to the above. |