Investment Property in Malaysia
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Investment Property in Malaysia
Investment property in Malaysia is considered a very good option due to the propitious economic growth, the stable political situation, recent government reforms with regards to legislation regulating foreign ownership of property and the staggering increases in tourism over the past three years. Property prices are still very low and have shown significant growth in recent years with even higher growth estimated in years to come.
With regards to the fiscal situation in Malaysia, there are several double taxation agreements between Malaysia and other countries to prevent having to pay tax twice, and in early 2007, Prime Minister Abdullah Ahmad Badawi announced that capital gains tax on all property deals after the 31st of March 2007 in Malaysia was abolished, yet another incentive to invest in Malaysia.
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