Taxes

Legal Fees.

Value of property Rate
1st RM150,000 1.00%
Next RM850,000 0.70%
Next RM2,000,000 0.60%
Next RM2,000,000 0.50%
Next RM2,000,000 0.40%
Over RM7,500,000 (negotiable) >0.40%


Value Rate
Up to RM100,000 1.00%
RM100,001-RM500,000 2.00%
RM500,001 upwards 3.00%


Property Gains Tax

From 1 January 2010, the effective tax rate on disposal of real property is 5%, subject to the provisions of the Real Property Gains Tax Act 1976. No tax is imposed on profits gained if the property is disposed of after 5 or more years of ownership.