Property Tax in Malaysia
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Property Tax in Malaysia
All individuals income is subject to income tax in Malaysia, including rental income on properties owned in the country. In early 2007, Capital Gains tax for the sale of property carried out after the 31st of March 2007 are exempt from Capital Gains tax.
Income tax in Malaysia is also favourable to the taxpayer, when compared to many Western tax laws, as the highest bracket for taxable income is 28% of income, and with several double taxation agreements in place to prevent paying tax both in Malaysia and in your home country.
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