Real Property Gain Tax

	Basis Of Taxation
The chargeable gains arising from the disposal of any land situated in Malaysia and any interest, option or other right in or over such land or the disposal of shares in a 'real property company' is subject to Real Property Gains Tax.
	Disposer's Responsibilities
The disposer of a real property has to submit the following within 30 days from the date of disposal of the asset: 1. Completed Form CKHT 1; 2. Copies of stamped Sale and Purchase Agreement or Form 14A (memorandum of transfer) to prove the acquisition and disposal of the asset; 3. Copy of grant/title deed (if any); 4. Copies of bills and receipts for expenses claimed. (in case of companies or non-citizen and non-permanent resident individuals, details not required if asset is disposed in the sixth or subsequent year from the date of acquisition).
	Acquirer's Responsibilities
An acquirer has to submit the following within 30 days from the date of disposal of the asset: 1. Completed CKHT 2 forms; 2. Copy of stamped Sale and Purchase Agreement or Form 14A (memorandum of transfer) to prove the acquisition; 3. Copy of grant/title deed (if any). Acquirer (or his solicitor) is also required to retain the whole of the consideration monies or a sum not exceeding five percent (5%) of the total value of the consideration whichever is the lower, until he receives clearance (Form CKHT 4 or CKHT 5) from the Inland Revenue Board.
	Exemptions Available For Real Property Gains Tax
(i) A gain arising on disposal prior to 7 November 1975, the date of coming into force of the RPGT Act 1976. (ii) An amount of RM5,000 or 10% of the chargeable gain, whichever is greater, for each disposal of a property by an individual. (iii) A gain accruing to the Government, a State Government or a local authority. (iv) A once in a lifetime exemption on a gain accruing to an individual who is a citizen or a permanent resident or to a husband and wife in respect of the disposal of one private residence. (v) A gain equal to to the amount of estate duty payable where the disposer is compelled to dispose the property in order to pay the estate duty.
	A No Loss And No Gain Situation
Applicable only to companies (as defined in the RPGT Act 1976) for the following situations:- (i) Transfer of asset between companies in the same group to bring about greater efficiency in operation for a consideration consisting of not less than 75% syer in the transferee company and the balance of a money payment. (ii) Transfer of asset between any companies for any consideration in any scheme of reorganisation, reconstruction or amalgamation whereby the transferee company is being restructured to implement any such scheme in compliance with Government policy on capital participation in industry. (iii) Distribution of asset by a liquidator of a company and the liquidation of the company was made under a scheme of reorganisation, reconstruction or amalgamation whereby the transferee company is being restructured to implement any such scheme in compliance with Government policy on capital participation in industry.
	Several Transactions Where Disposal Price Is Deemed Equal To Acquisition Price
(i) Transfer of assets between spouses. (ii) Gifts made to the Government, State Government, local authority or a charity exempt from income tax. (iii) Disposal of an asset as a result of a compulsory acquisition under any law. (iv) Disposal of an asset by a person to an Islamic Bank under a scheme where that person is financed by such bank in accordance with the Syariah.
	Example To Illustrate Calculation Of Real Property Gains Tax
Disposal Price on 10.01.2000 300,000 Less: Renovation/extension costs 20,000 Legal fees 3,000 23,000 277,000 Acquisition Price on 15.04.1996 200,000 Add: Duty stamp paid 3,000 Legal fees 2,500 5,500 205,500 71,500 Less: Exemption of RM5,000 or 10%of the chargeable gain, whichever is greater 7,150 Chargeable gain 64,350 Tax on RM64,350 @ 15% = RM9,652.50 Rate of tax 15% for disposal in the fourth year after the date of acquisition.
	Rates Of Tax (Real Property Gains Tax)
CATEGORY OF DISPOSAL COMPANY (%) INDIVIDUALS & OTHER PERSON (%) Disposal within 2 years 30 30 Disposal in the 3 rd year 20 20 Disposal in the 4 th year 15 15 Disposal in the 5 th year 5 5 Disposal in the 6 th year and subsequent years 5 0 The above rates apply for disposals on or after 27 October 1995. An individual who is not a citizen and not a permanent resident is subject to the following rates:- CATEGORY OF DISPOSAL RATE OF TAX (%) Disposal within 5 years after the date of acquisition of the chargeable asset 30 Disposal in the 6 th and subsequent years after the date of acquisition 5 These rates apply for disposals on or after 17 Oktober 1997.

Foreign Exchange Controls ( F E C )

Foreign Exchange Controls

A non-resident is permitted by the Controller of Foreign Exchange to undertake direct or portfolio investment in Malaysia but subject to certain guidelines.

In February 1999, as a further easing of the exchange control rules, Bank Negara Malaysia announced that all foreign investments in properties are excluded from the levy on profits, which are realised and repatriated. The following are excluded:

For funds which came in before 15 February 1999, no levy is imposed on the repatriation of the original capital amount invested.
For funds which came in on or after 15 February 1999, the principal is allowed to be repatriated without any levy. The profits will be subject to a levy of 10% if profits are repatriated 12 months from the date the profits are made. However, no levy is imposed on profits made from the investment in properties, upon repatriation.
Consequently, the levy is only imposed on investments in shares, bonds and other financial instruments. This levy does not apply to profits from FDI. The amount of levy would depend on the duration the funds are held in Malaysia.

Determination of the levy:

These new measures are aimed to encourage portfolio investors to take a longer term view of their investments in Malaysia and to attract new funds into the country, while at the same time discouraging short-term flows. The 2001 Budget proposed that only portfolio profits repatriated within a 12 month period are subject to a 10% exit levy. The 10% levy will no longer be imposed for any profit repatriated after a year. However, the effective date of commencement is yet to be announced. This proposal intends to encourage new capital inflows into the country.

The levy would be imposed only on any gains over and above the initial sum brought in up to the point of repatriation. Any subsequent losses are not eligible for rebate but can be offset against any subsequent gains.

The levy is to be paid to the following institutions:

All commercial banks
Bank Islam Berhad
Arab Malaysian Merchant Bank Berhad
Aseambankers Malaysia Berhad
Commerce International Merchant Bankers Berhad
Malaysian International Merchant Bankers Berhad
Perwira Affin Merchant Bank Berhad
RHD Sakura Merchant Bankers Berhad

A non-resident traveller visiting Malaysia is permitted to carry with him/ her any amount of traveller's cheques denominated in foreign currencies and foreign currency notes, but is required to declare to the authorities the amounts carried by him/ her into Malaysia. However, a non-resident traveller leaving Malaysia is only permitted to carry with him/ her traveller's cheques denominated in foreign currencies and foreign currency notes up to the amount that he/ she brought into Malaysia. In addition, a non-resident traveller visiting or leaving Malaysia is permitted to carry with him/ her Ringgit currency notes up to RM 1,000 only.

Malaysia My Second Home

Introduction
Malaysia My Second Home program is to allow people from all over the world, who fulfill certain criteria, to stay in Malaysia as long as possible on a social visit pass with multiple entry visa. The Social Visit Pass is initially for a period of 5 years and renewable.

WHO ARE ELIGIBLE TO APPLY?
It is open to all citizens of countries recognized by Malaysia regardless of race, religion, gender or age.

WHY MALAYSIA?
Governmental support :
This program is initiated, organized and launched by the Malaysian Government.
It is, therefore, a program, that the Government will continuously work to ensure its success.

Standard of living :
Malaysia has one of the highest standards of living in the region with all the modern infrastructure and facilities in place.


Cost of living :
Cost of living is one of the lowest in Asia and will remain so for a very long time. This is achieved through the Government's efficient monitoring of the economy in ensuring that inflation is kept low at all times and thereby also the prices of goods and services.

Weather :
The weather is pleasant, warm and balmy with moderate rain throughout the year, There are also highland residential areas and resorts with permanent spring-like weather throughout the country.

Infrastructure :
The whole country is very well connected with up-to-date, modern road, rail, air, and sea transportation systems. Public transport by buses, taxis, trains and planes are comfortable, efficient and relatively low in cost.

Political stability :
The ruling Government is the longest serving freely elected Government in the world. It is a Government representing all the races, religions, cultures etc. found in Malaysia. In fact, Malaysia is one of the most politically stable countries in the world.

Rule of law :
The rule of law is one of the fundamentals in Malaysia's constitution. Everyone is subjected to the law and also equal before the law. Malaysia practises basically the British system of justice with an independent reliable and dependable judiciary.

Safety :
Statistics can proof that Malaysia is one of the safest countries in the world, its crime rate is relatively low.

Religion :
Islam is the official religion of Malaysia but the constitution guarantees the right of people to practise other religions.

Culture and language :
The Malay language (Bahasa Melayu) is the national language of the country; English is the second language but other languages can be freely used and practised. Similarly the Malay culture is dominant in the country because the Malays are the dominant race in Malaysia and in the region. But other cultures can be practised very freely and there is a free intermingling of different cultures.

Food and Fruit :
All the food of the world can be found here at very reasonable cost. With so many races and cultures living together in harmony, it is understandable that each race has picked up the best of each other's food and made Malaysia into Asia's Food Paradise. Similarly the tropical fruits of Malaysia are unique, exotic and available in abundance practically throughout the year. It should be a real joy to savour these fruits.

Recreation/Entertainment :
The country has everything for the family,-theme parks, jungle trails/sports, water sports and one of the highest number of golf courses - ratio or population.

Shopping :
Most of the items that tourists normally like to buy - perfumes, cosmestics, watches, fountain pens, a long list of electronic goods, branded goods etc. are completely free of tax. Quality goods from all over the world are imported and are relatively low in price and sold throughout Malaysia.

Education :
The country has one of the best developed and quality educational systems - both public and private. There are international schools of repute in all major towns with English as the medium of instruction. There are also private colleges and universities offering twinning programs with other well-known universities and major colleges from throughout the world. Therefore, it is the place for quality education from nursery right up to the highest level of university education. It is already becoming an educational center of excellence for the region. Relatively speaking, it is also the place to get quality international class education at a very reasonable cost.

Medical facilities :
The country has a very efficient health system where medical services are provided at nominal cost. Private doctors, clinics and also hospitals of international standards are easily obtainable at very reasonable cost. Malaysia is also becoming a centre for medical facilities in the region.

Residence :
There are quality residences - terrace houses, semi-detached, bungalows, apartments and condominiums all over the country. There are also some of the finest residences available in tourism zones - on beaches, near jungles and near theme parks, recreational places and city centres. Foreigners are eligible to buy 2 houses at a cost of not less than RM150,000 each. For this purpose, they are also entitled for 60% loan from local banks.


Requirements
The Malaysian government welcome foreign citizens from all over the world (except Israel & Yugoslavia) to enter and stay in Malaysia on a long term Social Visit Pass (duration of 5 years with a Multiple Entry Visa) under the “ MALAYSIA – MY SECOND HOME PROGRAMME”.

However, this programme DOES NOT PROMISE a Permanent Resident status.

Terms and Conditions

1. Age:
This programme is open to all categories of citizens with no limit of age. They are allowed to bring their dependent (below 18 years of age) and apply for a maid.

Notes:

1.1 Dependant above 18 years of age will have to make a separate
application.
1.2 Application for maid can be submitted after the approval of Malaysia –
My Second Home Programme.

2. Financial Requirement:

2.1 Applicant by a person above 50 years of age

2.1.1 Applicant and spouse (either one must be above 50 years of age) will
have the privilege of choosing either:
• To have a fixed deposit of RM 150,000.00 in a Malaysian Bank; OR
• Derive a fixed monthly income of not less than RM 10,000.00 (from abroad).

2.1.2 Single (individual) applicant will have the privilege of choosing either:
• To have a fixed deposit of RM 100,000.00 in a Malaysia Bank; OR
• Derive a fixed monthly income of not less than RM 7,000.00 (from abroad).

2.2 Applicant by a person below 50 years of age (application must be submitted to the Headquarters of Malaysia Immigration Department)

2.2.1 Applicant and spouse MUST POSSES:
• A fixed deposit of RM 150,000.00 in a Malaysia Bank; AND
• Derive a fixed monthly income of not less than RM 10,000.00 (from abroad).

2.2.2 Single (individual) applicant MUST POSSES:
• A fixed deposit of RM 100,000.00 in a Malaysia Bank; AND
• Derive a fixed monthly income of not less than RM 7,000.00 (from abroad).

Notes:

The Government of Malaysia has determined ONLY the following local bank of fixed deposit installment.

1. Affin Bank Berhad
2. Bumiputera Commerce Bank Berhad
3. Maybank Berhad
4. RHB Bank Berhad

3. Sponsor

The requirement of a local sponsor can be waived but the final decision lies upon the Immigration Officer at the counter. Applicant can also acquire the services of companies registered with the Malaysia Immigration Department.

4. Insurance Coverage / Medical Report

Applicant must possess a medical insurance policy from any insurance company in Malaysia and attach a medical report from recognized medical institutions. The requirement for insurance policy is however an optional for a person of old age and denied by the insurance company.

5. Education

Dependant below 18 years of age and still studying are required to apply for Student Pass to further their education in schools or institutions of higher learning.

6. Government Taxes

Successful applicants are bound by the policies, systems and regulations of tax of this nation. They do not posses any exemption as granted to the Diplomatic Missions in Malaysia.

7. Application Procedure

7.1.1 Application can be submitted while the applicant isin the country
provided that the applicant is in the possession of a valid pass.
7.1.2 Once approved, Visa and Social Visit Pass will be issued in Malaysia.

8. List of Document

1. Application letter
2. 2 copies of Imm. 12-Social Visit application forms (obtainable at all
Malaysian Immigration Departments)
3. 2 passport sized photographs of applicant and spouse (if accompanied
by spouse)
4. A copy of applicant’s (and spouse) Passport / travel document (all pages)
5. An endorsed / certified copy of a Marriage Certificate by the embassy
(if accompanied by a spouse)
6. A copy of a certified fixed deposit, medical report and medical Insurance
7. A Personal Bond stamped RM 10.00 by the Stamp-Duty Office (signed by
the sponsor)
8. A copy of the sponsors Identity Card (if applicable)
9. A proof of monthly income (origin country / abroad) as stated at (Para. 2)
Financial Requirement

9. Exemption

The following requirement can be relaxed by conditional approval. However, the applicant must produce these documents (stated below) before the endorsement of the Social Visit Pass be given upon approval.

• The fixed deposit as pre-required
• Medical insurance policy in Malaysia
• Medical report

10. Location of Application

- The Headquarters of Malaysian Immigration Department
- State Immigration Department
- All Malaysian Representative Offices Abroad and;
- All Malaysian Tourism Offices

11. Restrictions

Successful applicants are STRICTLY forbidden from the following:

Taking part in activities such as political, missionary, provocative or instigative which is considered sensitive and threat to the national security.

12. Fee Rate

• Social Visit Pass – RM 90.00 per year
• Visa – following existing rate applicable to each country (not exceeding
RM 10.00)

13. Extension of Social Visit Pass

- Form Imm. 55
- Form Imm. 38(if visa required)
- The latest certified fixed deposit from a local Bank / a proof of monthly
income (origin country / abroad) (Para. 2)
- A copy of applicant’s (and spouse) passport / travel document
(if accompanied by a spouse)

14. Client Charter

New application – 30 working days from the date of submission.
Application for an extension – 14 working days from the date of submission.

Foreign Investment Committee ( F I C )

NEW GUIDELINES ON THE ACQUISITION OF PROPERTIES BY MALAYSIANS AND FOREIGN INTERESTS RELEASED BY THE ECONOMIC PLANNING UNIT ON MAY 02, 2001

The relaxation of the Foreign Investment Committee Guidelines on the acquisition of properties is to clarify on the acquisition of properties by Malaysians and foreign interests with the purpose amongst others, to expedite and simplify the FIC procedures pertaining to the acquisition of properties.

GUIDELINES

The new guideline is divided into the following categories: -

1.
The acquisition of properties by Malaysians under RM10 million does not require the approval of the FIC (this new acquisition limit is to replace the current limit of RM5 million). This measure is taken in order to simplify and expedite transactions below the limit of RM10 million to be dealt with by the State Authorities.


2.
Transactions for the disposal of properties below RM20 million, involving parties as follows: -

a. Bumiputera to Bumiputera;
b. non-Bumiputera to Bumiputera;
c. non-Bumiputera to non-Bumiputera; and
d. foreign interests to Malaysians.

With regard to the above transactions, only transactions which have been duly executed are to be reported to the FIC Secretariat. In such cases the State Authorities do not need to await for the FIC's approval.


3.
Foreign interests involved in manufacturing activities but are exempted from obtaining manufacturing licenses from the Ministry of International Trade and Industry (MITI) are permitted to acquire industrial lots/ factories for manufacturing purposes only. This is to facilitate foreign interests in acquiring industrial properties, without equity conditions, for the purposes of undertaking manufacturing activities but not for renting of the said properties.


4.
Further relaxation of the conditions in the Special Guidelines ( 22 April 1998):-

4.1 Foreigners are allowed to purchase all types of residential units, shop houses, commercial and office spaces comprising of old buildings and newly launched projects, subject to price exceeding RM250,000 per unit, without having to incorporate a company with local equity participation (the current relaxation is only for newly completed projects or those that are at least 50% in progress).

4.2 The above acquisitions are allowed to be financed by domestic financial sources (currently such acquisitions can only be financed by foreign financial sources).


5.
In order to encourage foreign companies to be incorporated in Malaysia to operate as the Headquarters or Regional Offices, these companies are allowed to own offices or office spaces including office branches (the price exceeding RM250,000 per unit) without any restrictions as to the number of units that can be owned and without imposition of equity conditions.


6.
Foreign companies incorporated in ASEAN countries which intend to set up joint-venture companies or to undertake trading and business activities in Malaysia are allowed to own offices or office spaces (the price exceeding RM250,000 per unit) without imposition of equity conditions.


7.
In respect of the acquisition of residential units under the "Silver-Haired Programme", foreigners are allowed to purchase residential units priced at RM150,000 and above, subject to the condition that the unit purchased are located in areas designated for such programme.

Body / Association Links

Web Link Hits
Real Estate & Housing Developers’ Association
REHDA was established in 1970 with 13 pioneer members to represent the private sector in property development in Malaysia. 234

Pertubuhan Akitek Malaysia
The Malaysian Institute of Architects PAM was founded in 1920 and represents the Malaysian architectural profession at home and abroad. 101
The Malaysian Institute of Estate Agents

Official website of Malaysian Institute of Estate Agents 200
International Real Estate Federation

FIABCI International Real Estate Federation is a worldwide network open to all professionals involved with the property industry 111

Board of Valuers, Appraisers and Estate Agents Malaysia
Regulates valuers, appraisers, and estate agents. 242

Association of Valuers & Property Consultants in Private Practice Malaysia
Official site of Persatuan Penilai dan Perunding Harta Swasta (PEPS) 242


Professional Bodies (6)
Government (13)
Developers (12)

Legal Fee

SALE & PURCHASE AGREEMENT


Scale Percentage
1. RM30,000.00 to RM100,000.00 - 1%
2. RM101,000.00 to RM5,000,000.00 - 0.5%
3. RM5,101,000.00 to RM10,000,000.00 - 0.25%
4. Above RM10,000,000.00 - Negotiable but shall not exceed 0.25%


LOAN AGREEMENT


Scale Percentage
1. RM30,000.00 to RM100,000.00 - 1%
2. RM101,000.00 to RM5,000,000.00 - 0.5%
3. RM5,101,000.00 to RM10,000,000.00 - 0.25%
4. Above RM10,000,000.00 - Negotiable but shall not exceed 0.25%

STAMP DUTY ON CHARGE

Scale Percentage
Stamping of documents based on loan amount 0.5%

Note
Disbursements are chargeable in accordance with the value of the transaction and all fees attract 5% Government Service Tax (GST).

Location of suburbs and distance from KLCC (Kuala Lumpur City Centre)




No Location Distance From KLCC (KM)
1 Sungai Buloh 28 km
2 Setapak 8 km
3 Kenny hills 10 km
4 Duta 10 km
5 Port Klang (Shipping) 42 km
6 Damansara Heights 12 km
7 Mon't Kiara 13 km
8 Bangsar / Pantai Hills 12 km
9 Petaling Jaya 15 km
10 KLIA (Airport) 55km
11 Serdang 23 km
12 Jalan Bellamy 7 km
13 Country Heights, Kajang 25 km
14 Pajam / Mantin 58 km
15 Ampang 5 km
16 Ukay Heights 7 km
17 Melawati 16 km


GENERAL DESCRIPTION OF HOUSES
Accommodation available are Single / Double Storey Terrace Link, Semi-Detached and Detached Houses, with the latter being the most popular among expatriates with families. A typical detached house will have a land area of between 6,000 square feet (557 square meters) to 12,000 square feet (1,114 square meters), and a nett built-up area of between 3,000 square feet (278 square meters) to 4,500 square feet (418 square meters), providing Living and Dining Areas, 3 Bedrooms, 1 Guest / Study Room, 1 Maids Room and 4 bathrooms. Partial furnishings will include air-conditioning, water heater, wardrobes, kitchen cabinets, cooker / oven, refrigerator and washing machine. Rentals will range from RM4,500.00 to RM15,000.00 per month, with higher-end houses having swimming pools.

GENERAL DESCRIPTION OF CONDOMINIUMS
Condominiums units are available both in highrise and lowrise developments, with accommodation of 1 bedroom units of 750 square feet (70 square metres), up to 5 bedroom penthouses of 6,000 square feet (550 square metres), with rentals ranging from RM1,600.00 to RM25,000.00 per month. Some of the facilities provided include 24 Hour Security, Swimming-Pool, Play-Area, Gymnasium, Squash Court, Tennis Court, Convenience Store, Café and Launderette. The facilities mentioned may differ from one development to another.

POWER SUPPLY
Electricity supply is 220 Volts AC/50 Hz. Charges are RM0.22 to RM0.28 per unit dependent on quantity utilized.

WATER SUPPLY
Soft water from direct main supply. Safe to drink from tap, however sediment filter may be required for some areas. Charges are RM0.42 cents to RM1.05 cents per m3 dependent on quantity utilized.

TELECOMMUNICATION
Telephone lines are easily available, on payment of refundable deposit of RM1,075.00, for non-residents. Monthly rental for International Direct Dialing (IDD) or Integrated Service Digital Network (ISDN) lines are RM21.00 and RM33.00 respectively. Modem required for ISDN line. Cell-phone services are also readily available from several service providers.

International Schools

Location Of International Schools

BRITISH CURRICULUM
No Name Of Schools Location Tel Fax
1 Alice Smith School (Primary)
Click Alice-Smith School Jalan Bellamy 603-2148 3674 603-2148 3418

2 Alice Smith School (Secondary)
Equine Park, Serdang 603-9543 3688 603-9543 3788

3 ELC International School

Sierrama, Sungai Buloh 603-6156 5001 603-6156 5003

4 Fairview International School
(Elementary & Secondary)

Ampang 603-4253 2233 603-4253 2223

5 Garden International School
Mont' Kiara 603-6209 6888 603-6201 2468
6 Mutiara international Grammar School
Ampang Jaya 603-4252 1452 603-4252 3452

7 Sayfol International School
http://www.sayfol.edu.my/ Ampang 603-4256 8791 603-4256 9464

8 Kolej Tuanku Ja'far
http://www.ktj.edu.my/
Mantin 606-758 2561 606-758 2996


AMERICAN CURRICULUM

No Name Of Schools Location Tel Fax

10 International School Of Kuala Lumpur
www.iskl.edu.my Ukay Heights, Ampang 603-4259 5600 603-425 79044

11 Internatioal School Of Kuala Lumpur - Elementary
www.iskl.edu.my Melawati 603-4108 3566 603-4108 4166

12 Mon'tKiara International School
www.mkis.edu.my Mon't Kiara 603-2093 8604 603-2093 6045


OTHERS

No Name Of Schools Location Tel Fax

13 Australian International School Malaysia
http://www.aism.edu.my/ Country Heights 603-8943 0622 603-8948 4522

14 CAHP (Handicapped Persons) Ukay Heights, Ampang 603-4256 3531

15 Deutsche Schule Kuala Lumpur
http://www.dskl.edu.my/ Section 14,

Petaling Jaya 603-7956 6557 603-7956 7557

16 French International School
http://www.lfkl.edu.my/ Jalan Tun Ismail 603-2691 3850 603-2693 6450

17 Indonesian School Of Kuala Lumpur Jalan Tun Ismail 603-2692 7682

18 Japanese School Of Kuala Lumpur
http://www.jskl.edu.my/ Shah Alam 603-7846 5939 603-7846 5949

19 International Islamic School
http://www.iis.edu.my/ Gombak 603-6186 1521 603-6188 6751

Disclaimer: The link provided above is for your convenience only, we shall not be reliable of any contents thereof

Stamp Duty

STAMP DUTY ON TRANSFER
All transfer of property attract Government Stamp Duty regardless whether the acquirer gives consideration for the transfer or not.

Value Of Property Rate Of Stamp Duty
RM1.00 to RM100,000.00. - 1%
RM101,001.00. to RM500,000.00. - 2%
RM501,000.00 and above - 3%


STAMP DUTY ON CHARGES
A charge on a property is an instrument created by statute, namely the National Land Code (NLC). It affords the Borrower a loan granted by a Licensed Financial Institution over the property charged. Stamp duty is calculated at the rate of approximately 0.5% of the loan amount.

Tips For Selling Your House

Tips for Making Your Home More Saleable

Before you put your home on the market, there are some things you can do to differentiate your house among the competitors.

When preparing to put your home up for sale, your first concern is the home's exterior. If the outside, or "curb appeal" looks good, people will more than likely want to see what's on the inside. Keep the lawn and landscape nicely manicured. Trim the bushes and season permitting, plant some flowers. Be sure your front door area has a "Welcome" feeling. A fresh coat of paint on the front door looks great.

Of all the rooms inside your home, pay special attention to the kitchen and bathrooms. They should look as modern, bright and fresh as possible. It is essential for them to be clean and odor free. A fresh coat of paint just may do the trick. Have any leaky faucets taken care of. A call to a plumber is a wise investment.
For Your Home

Our home improvement section features how-to tips and important information about repairing and remodeling your home.

Since you want your home to look as spacious as possible, remove any excess or very large furniture. Make sure that table tops, dressers and closets are free of clutter. Don't use your garage, attic, or basement to store these extra things. These areas also need to have the impression of space. Instead, put them into storage. Make sure walls and doors are free of smudges and look for anything that might indicate a maintenance problem, such as cracked windows, holes in the wall or stained ceilings.

Finally, if your basement shows any signs of dampness or leakage, seal the walls.

Quick tips for showings:

* Keep counter tops cleared
* Replace all burned out lightbulbs
* Open all drapes and window blinds
* Put pets in cages or take them to a neighbor
* No dirty dishes in the sink
* No laundry in the washer/dryer
* Clean or replace dirty or worn carpets
* Put on soft music
* Burn wood in the fireplace on cold days, otherwise, the fireplace should be clean

Always look at your home from the buyer's point of view. Be objective and be honest.

More articles:
Get the house ready
Tips for making your home more saleable
Setting the stage sells your home

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Malaysia : Useful Information

Complete listing of all Foreign Embassies, Consulates and Trade Delegations

Embassy of the Islamic State of Afghanistan in Malaysia
No: 1, Lorong Ru Kedua, Off Jalan Ampang 55000 KL.
03-42565199 03-42564933

Embassy of the Republic of Albania in Malaysia
No: 2952, Jalan Bukit Ledang, Off Jalan Duta 50480 K.L
03-2537808 03-2537359

Embassy of the Democratic People's of Algeria in Malaysia
5, Jalan Mesra, Off Jalan Damai, 55000 Kuala Lumpur.
03-21488159 03-21488154 algeria@tm.net.my

Embassy of the Republic of Argentina in Malaysia
3 Jalan Semantan Dua, Damansara Heights, 50490 KL.
03-2550176 03-2552706 emsia@pd.jaring.my

Australian High Commission in Malaysia
6, Jalan Yap Kwan Seng, 50450 Kuala Lumpur.
03-21423122 03-21415773

Austrian Embassy in Malaysia
7th Floor, MUI Plaza Building, Jln. P.Ramlee, 50250 K.L.
03-21484277 03-21489813 austria@ppp.nasionet.net

High Commission for the People's Republic of Bangladesh in Malaysia
No: 1, Lorong Damai 7, Off Jalan Damai, 55000 K.L.
03-21423271 03-21413381 bddoot@pc.jaring.my

Royal Embassy of Belgium in Malaysia
8A, Jalan Ampang Hilir, 55000 KL.
03-21625733 03-21625922 belgium@po.jaring.my

Embassy of the Republic of Bosnia & Herzegovinia in Malaysia
JKR 854, Jalan Bellamy, 50460 KL.
03-21421843 03-21426025

Embassy of the Federative Republic of Brazil in Malaysia
Suite 20-01, 20th Floor, Menara Tan & Tan, 207 Jalan Tun Razak, 50400 KL.
03-21711420 03-21711425 embassy@brazilembassy.org.my

British High Comission in Malaysia
185 Jalan Ampang, 50450 KL.
03-21482122 03-21480880 www.britain.org.my

High Commission of Brunei Darussalam in Malaysia
Tingkat 8, Wisma Sin Heap Lee, Jalan Tun Razak, 50400 K.L.
03-21612800 03-21631302 sjmbdkl@tm.net.my

Royal Embassy of the Kingdom of Cambodia in Malaysia
No 83, JKR-2809, Lingkungan U-Thant, 55000 Kuala Lumpur.
03-42573711 03-42571157 reckl@tm.net.my

Canadian High Commission in Malaysia
7th Floor, Plaza OSK, 172 Jln Ampang, 50450 Kuala Lumpur.
03-27183333 03-27183376 www.dfait-maeci.gc.ca/kualalumpur

Embassy of Chile in Malaysia
Wisma Selangor Dredging, 8th Floor, West Block, 142-C Jalan Ampang 50450 K.L.
03-21616203 03-21622219 prochile@ppp.nasionet.net

Embassy of the People's Republic of China in Malaysia
229, Jalan Ampang 50450 K.L.
03-21428495 03-21414552 cn@tm.net.my

Embassy of the Republic of Colombia in Malaysia
Business Suite, 19A-26-1, Level 26, UOA Centre, 90 Jln Pinang 50450 K.L.
03-21645488 03-21645487 encomal@po.jaring.my

Embassy of the Republic of Croatia in Malaysia
No: 3, Jalan Mengkuang, Off Jalan Ru, Off Jalan Ampang, 55000 Kuala Lumpur.
03-42535343 03-42535217

Embassy of the Republic of Cuba in Malaysia
No: 20, Lingkungan U-Thant, Off Jalan U-Thant, 55000 K.L.
03-42516808 03-42520428 malacub@po.jaring.my

Embassy of the Czech Republic in Malaysia
32, Jalan Mesra, Off Jalan Damai 55000 K.L.
03-21427185 03-21412727 Kualalumpur@embassy.mzr.cz

Royal Danish Embassy in Malaysia
22nd Floor Wisma Denmark, 86 Jalan Ampang, 50450 K.L.
03-20322001 03-20322012 www.denmark.com.my

Embassy of the Republic of Ecuador in Malaysia
8th Floor, West Block, Wisma Selangor Dredging, 142-C, Jalan Ampang, 50450 K.L.
03-21635078 03-21635096 ambecua@po.jaring.my

Embassy of the Arab Republic of Egypt in Malaysia
28, Lingkungan U-Thant, Off Jalan U-Thant, 55000 K.L.
03-42568184 03-42573515 egyempkl@tm.net.my

High Commission of the Republic of Fiji Island in Malaysia
Level 2, Menara Chan, 138 Jalan Ampang, 50450 K.L.
03-9255335 03-9257555

Embassy of Finland in Malaysia
5th Floor, Wisma Chinese Chamber, 258 Jalan Ampang, 50450 Kuala Lumpur.
03-42577746 03-42577793 sanomat.kl@formin.fi

Embassy of the Republic of France in Malaysia
196, Jalan Ampang, 50450 K.L.
03-21484122 03-21489117 www.france.org.my

Embassy of the Federal Republic of Germany in Malaysia
3 Jalan U-Thant, 55000 K.L.
03-21429666 03-21413943 www.german-embassy.org.my

High Commission of the Republic of Ghana in Malaysia
14, Jalan Ampang Hilir, 55000 KL.
03-42579703 03-42578698 ghcomkl@tm.net.my

Embassy of the Republic of Guinea in Malaysia
No: 5, Jalan Kedondong, Off Jalan Ampang, 55000 K.L.
03-42576500 03-42511500

Embassy of the Republic of Hungary in Malaysia
Suite 30C, 30th Floor, Empire Tower, City Square Centre, Jalan Tun Razak, 50400 K.L.
03-21637914 03-21637918

High Commission of India in Malaysia
No: 2, Jalan Taman Duta, Off Jalan Duta, 50480 K.L.
03-2533504 03-2533507 www.hcikl.org.my

Embassy of the Republic of Indonesia in Malaysia
233, Jalan Tun Razak, 50400 KL.
03-21421354 03-21417908 kbrikl@po.jaring.my

Embassy of the Islamic Republic of Iran in Malaysia
No: 1, Lorong U-Thant Satu, Off Jalan U-Thant, 55000 K.L.
03-42514824 03-42562904 ir_emb@tm.net.my

Embassy of the Republic Of Iraq in Malaysia
2, Jalan Langgak Golf, Off Jalan Tun Razak, K.L.
03-21480555 03-21414331

Embassy of Ireland in Malaysia
Ireland House, The Amp Walk, 218 Jalan Ampang, 50450 K.L.
03-42563763 03-42563697 ireland@po.jaring.my

Embassy of the Republic of Italy in Malaysia
99 Jalan U-Thant, 55000 K.L.
03-42565122 03-42573199 www.italy-embassy.org.my

Embassy of Japan in Malaysia
11 Persiaran Stonor, 50450 K.L.
03-21427044 03-21426570

Embassy of Jordan in Malaysia
No: 2, Jalan Kedongdong, Off Jalan Ampang Hilir, 55000 K.L.
03-42521268 03-42521268 jordanembassy@po.jaring.my

Embassy of the Republic of Kazakhstan in Malaysia
Section 6.07, North Block, The Amp Walk, 218 Jalan Ampang, 50450 Kuala Lumpur.
03-20736212 03-20736160 klkazem@po.jaring.my

High Commission of Kenya in Malaysia
7A, Gerbang Ampang Hilir, 55000 Kuala Lumpur.
03-42572431 03-42572059 Kenya@po.jaring.my

Embassy of the Democratic People's Republic of Korea in Malaysia
4, Persiaran Madge, 55000 KL.
03-42569913 03-42569933

Embassy of the Republic of Korea in Malaysia
No: 9 & 11, Jalan Nipah, Off Jalan Ampang, 55000 K.L.
03-42512336 03-41521425

Embassy of the State of Kuwait in Malaysia
229 Jalan Tun Razak, 50400 KL.
03-21410033 03-21426126 www.kuwaitemb-kl.net

Embassy of the Republic Of Kyrgyz in Malaysia
1, Lorong Damai 10, 55000 KL.
03-21649862 03-21632024 kyrgyz@tm.net.my

Embassy of the Laos People's Democratic Republic in Malaysia
No: 12, Persiaran Madge, Off Jalan Ampang Hilir, 55000 K.L.
03-42511118 03-42510080

Bureau of the Great Socialist People's Libyan Arab Jamahiriya in Malaysia
No: 6, Persiaran Madge, Off Jalan U-Thant, 55000 K.L.
03-21411035 03-21413549

Embassy of the Grand-Duchy of Luxembourg in Malaysia
Suite 16.03, 16th Floor, Menara Keck Seng, 203 Jalan Bukit Bintang, 55100 Kuala Lumpur.
03-21433134 03-21433157 emluxem@po.jaring.my

High Commission of Mauritius in Malaysia
17th Floor, West Block, Wisma Selangor Dredging, 50450 KL.
03-21411870 03-21415115 maur@tm.net.my

Embassy of Mexico in Malaysia
22nd Floor, Menara Tan & Tan, 207 Jalan Tun Razak, 50450 KL.
03-21646362 03-21640964 embamex@po.jaring.my

Embassy of the Kingdom of Morocco in Malaysia
Box 9, Wisma Selangor Dredging, 3rd Floor, East Block, 142-B, Jalan Ampang, 50450 K.L
03-21610701 03-21623081

Embassy of the Union of Myanmar in Malaysia
No: 10, Jalan Mengkuang, Off Jalan Ru, 55000 Kuala Lumpur.
03-42560280 03-42568320 mekl@tm.net.my

High Commission of Namibia in Malaysia
Suite 08.03, 8th Floor, Menara Lion, 165 Jalan Ampang, 50450 KL.
03-21647015 03-21647016

Royal Netherlands Embassy in Malaysia
Suite 7.01, 7th Floor, South Wing, The Amp Walk, 218 Jalan Ampang, 50450 Kuala Lumpur.
03-21485151 03-21411959 nlgovkl@po.jaring.my

New Zealand High Commission in Malaysia
21st, Floor Menara IMC, No: 8 Jalan Sultan Ismail, 50250 K.L.
03-20782533 03-20780387 nzhckl@po.jaring.my

High Commission of the Federal Republic of Nigeria in Malaysia
No: 58, Jalan Ampang Hilir, 55000 Kuala Lumpur.
03-42517843 03-42524302

Royal Norwegian Embassy in Malaysia
22nd Floor, Bangunan Angkasa Raya, Jalan Ampang, 50450 K.L.
03-21637100 03-21637108 www.norway.org.my

Embassy of the Sultanate of Oman in Malaysia
6 Jalan Langgak, Off Jalan Tun Razak, 55000 Kuala Lumpur.
03-21452827 03-21452826 omanemb@po.jaring.my

High Commission for Pakistan in Malaysia
132 Jalan Ampang, 50450 KL.
03-21618877 03-21612686 azizk@pc.jaring.my

Embassy of the State of Palestine in Malaysia
63 Jalan U-Thant, 55000 K.L.
03-42568905 03-42561411

Papua New Guinea High Commission in Malaysia
No: 46, Jalan U-Thant, 55000 KL.
03-42532400 03-42532111 pnghckl@tm.net.my

Embassy of the Republic of Peru in Malaysia
Wisma Selangor Dredging, 6th Floor South Block, 142-A Jalan Ampang 50450 Kuala Lumpur.
03-21633034 03-21633055 www.embperu.com.my

Embassy of the Republic of the Phillipine in Malaysia
1 Changkat Kia Peng, 50450 K.L.
03-21484233 03-21483576 www.philembassykl.org.my

Embassy of the Republic of Poland in Malaysia
495, 4.5 Mile, Jalan Ampang, P.O. Box 10052, 68000 Ampang, Selangor
03-42576733 03-42576719 polamba@tm.net.my

Embassy of Romania in Malaysia
114, Jalan Damai, Off Jalan Ampang, 55000 Kuala Lumpur.
03-21423172 03-21448713 romemb@tm.net.my

Embassy of the Russian Federation in Malaysia
263 Jalan Ampang, 50450 K.L.
03-42560009 03-42576091 ruemvvl@tm.net.my

Royal Embassy of Saudi Arabia in Malaysia
7, Jalan Kedongdong, Off Jalan Ampang, 55000 Kuala Lumpur.
03-42579825 03-42578751

High Commission of the Republic of Seychelles in Malaysia
No: 50 (2nd Floor), Jln SS 19/1D, 47500 Subang Jaya.
03-56389881 03-56380108

High Commission of the Republic of Singapore in Malaysia
209 Jalan Tun Razak, 50400 K.L.
03-21616277 03-21616343 shckl@pd.jaring.my

High Commission of the Republic of South Africa in Malaysia
No: 12, Lorong Titiwangsa 12, Taman Tasik Titiwangsa, 53200 Kuala Lumpur.
03-40244456 03-40249896 www.afrikaselatan.com.my

Embassy of Spain in Malaysia
200, Jalan Ampang, 50450 K.L.
03-21428776 03-21424582 embesmy@mail.mae.es

High Commission of the Socialist Republic of Sri Lanka in Malaysia
12, Jalan Keranji 2, Off Jalan Kedondong, K.L.
03-42568987 janakie@pop4.jaring.my

Embassy of the Republic of Sudan in Malaysia
No: 2, Persiaran Ampang, Off Jalan Ru, 55000 K.L.
03-42569104 03-42568107

Embassy of Sweden in Malaysia
6th Floor, Bangunan Angkasa Raya, 123 Jalan Ampang, 50450 Kuala Lumpur.
03-21485433 03-21486325 www.embassyofswedenmy.org

Embassy of Switzerland in Malaysia
16 Persiaran Madge, 55000 K.L. or P.O Box 12008
03-21480622 03-21480935 vertretung@kua.rep.admin.ch

Royal Thai Embassy in Malaysia
206 Jalan Ampang, 50450 K.L.
03-21488222 03-21486527 thaikl@pop1.jaring.my

Embassy of the Republic of Turkey in Malaysia
118 Jalan U-Thant, 55000 K.L.
03-42572225 03-42572227

Embassy of the United Arab Emirates in Malaysia
No: 12, Jalan Keranji 2, Off Jln Kedongdong, Ampang Hilir, 55000 Kuala Lumpur.
03-42535221 03-42535220

Embassy of the United States of America in Malaysia
376 Jalan Tun Razak, 50400 KL.
03-21489011 03-21422207 www.usembassymalaysia.org.my

Embassy of the Republic of Uruguay in Malaysia
No: 21, Jalan Taman U-Thant, Off Jalan U-Thant, 55000 K.L.
03-21433364 03-21433723

Embassy of Venezuela in Malaysia
163 Jalan Ampang, 50450 KL.
03-21633444 03-21636819 www5.jaring.my/venezuela

Embassy of the Socialist Republic of Vietnam in Malaysia
4 Persiaran Stonor, 50450 K.L.
03-21484036 03-21483270 daisevn@putra.net.my

Embassy of the Republic of Yemen in Malaysia
6, Jalan Kedondong, Off Jalan Ampang Hilir, 55000 K.L.
03-42511793 03-42511794

High Commission of the Republic of Zimbabwe in Malaysia
124 Jalan Sembilan, Taman Ampang Utama, 68000 Ampang,
03-42516779 03-42517252 zhck@tm.net.my

posted by Malaysia Land @ 1:59 AM 0 comments
Thursday, December

posted by Malaysia Land @ 8:48 PM

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