Funny how your solicitor forgot to quote you for filing CKHT 2A, which ought to cost RM/purchaser. Lucky you then!:P disbursements. Disposer to complete Form CKHT 3, CKHT 1A (for disposal of property) and/or CKHT 1B (for Real Property Acquirer to submit CKHT 2A with CKHT 3 to IRB. CKHT 2A [buyer/ acquirer] – for buying real property or RPC shares – use If the disposal comes under Income Tax Act , do not file CKHT.

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Subscribe to this 2q Receive email notification when a new topic is posted in this forum and you are not active on the board. If the legal fees are absorbed by the developer, then they would insist that you use of their panel firm of solicitors.

Citibank — for companies only. Perhaps he has dealt with that particular land office for other transactions.

This article hopes to shed some light on those procedures so as to make the process not so daunting. The disposer and the acquirer are exempted from completing and submitting the relevant disposal and acquisition forms if the disposal of the assets subject to the Income Tax Act Company XYZ re-valued its real property because it was near the new business centre.

Filing it is compulsory. Calculation of chargeable gains exempt from payment is as follows: If you are an existing user, please log in.


Please seek clarification from the lawyer. But as long as the documents have been presentation for registration, it should be alright.

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And when there is an assessment, it means there is tax to pay. Example 2 [para 3]: A further development is that no gains tax is payable after 5 years of purchase.

With regard to the legal fees for your loan documentation, you would also need to check this with the developer. However, you must inform your lawyer of such an intention before the sale and purchase agreement is drafted. So I guess in this part, all legal fees between me and the developer is settled.

What You Need To Know About Real Property Gains Tax | Wealth Mastery Academy

Submit CKHT within 1 month [old law] from the disposal date. Example 1 [para 3]: This is at variance with the original Schedule 5 re rates of tax. How Will You Spend It? Disposal after 5 years of purchase; or b. Need futher details on the expenses claim.

Please find out what this letter of declaration is please. Its paid up capital was increased toshares, out of which 50, shares were issued in the form of bonus shares from the excess reserve by reason of re-valuation, and distributed to the existing shareholders.

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What you can do is to get the presentation receipt from the lawyer, go to the Land Office concerned, make friends with the people there, and try to chase the paperwork from one step to the other, eg from the Submission Clerk to the Chief Clerk, then to the respective sections which are involved in the processing, and finally to: For example, on Only a minor difference 40 sen appears between the two because of the fraction caused by the cumbersome formula.


It is therefore incumbent on the authorities concerned to change their unpopular attitude towards taxpayers, who are making an invaluable contribution to the well-being of the national economy. Upon doing c,ht of the both, ckhg I say that it’s completed the whole process of the purchasing of the condo? Added on November 15,1: These expenses must be itemised and detailed, and any excess must be reimbursed to you. In the interim, your bank will make the necessary progressive payments to the developer 4 Sometimes, the individual strata ttitle may be obtained in before the project is completed.

The penalty is a fine not exceeding RM5, and a special penalty of double the amount of the tax which has been undercharged.