(What is this?)
Home > Malaysia > Property > News : Malaysia to scrap capital gains tax
Not registered?  Join IPIN now FREE   |  Forgot password?

Malaysia to scrap capital gains tax

Article Date : Tuesday, March 27, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Malaysia will scrap capital gains tax on property deals from April 1st, according to the country's prime minister.

Abdullah Ahmad Badawi said the move would "inject more excitement and dynamism in both the property and financial sectors".

Experts believe that abolishing the property gains tax will encourage investment from overseas buyers and bring more liquidity into Malaysia's market.

"Going forward to further improve the national property sector, the government has decided not to impose real property gains tax throughout the country commencing April 1st 2007," the prime minister said.

The announcement follows fears that the undervalued Malaysian property market is stagnating, especially if compared with Singapore.

According to news site Amberlamb, the stability of the property market in Malaysia is largely dependant upon the stability of the economy, which is expanding "at a sustainable rate" thanks to links with China, Japan and the US.
Listing Separator

Related Articles

  1. Malaysian Property Market Not Immune to Global Situation
  2. Mixed Messages About Investment Property in Malaysia
  3. Malaysia offers investment opportunities
  4. Malaysia recommended to property investors
  5. Giant Profits in China



Listing Separator

Let us search for you Let Us find Property in Malaysia for You

Fill out a requirements form and our experts will help you find a great selection of Properties for sale in Malaysia.
Let us searchHelp me find property in Malaysia


Subscribe to This Feed

RSS News
Subscribe to this RSS Feed
Country: Malaysia
Channel: All

More RSS FeedsGo

View News by ChannelView News by Channel

Media/Press SectionProperty News Search


   

News ArchivesNews Archives

View worldwide property news from as far back as 2005 in our News Archives Section.

View News ArchivesGo

Media/Press SectionMedia/Press Section

Are you a Press or Media professional? We have access to a wide and varied collection of data and statistics which may be of interest to you.

Journalists click hereGo

View News by ChannelSee Your News Here

Submit your news feed for spidering by our news robot. Simply enter the url of your RSS feed in the text box below and click the submit button

Submit Your RSS FeedGo