Q: What is Stamp Duty? A: Stamp duty is a tax being imposed on varied of written agreement (including Instrument of Transfer of Property) by the Inland Revenue Board. Q: Who will need to pay for stamp duty? A: Generally, stamp duty is payable by the Transferee (i.e. person of which the Property being transferred…
What is Real Property Gain Tax (RPGT)? RPGT is a form of Capital Gains Tax or in other words a tax chargeable on gains arising from the disposal of real properties situated in Malaysia levied by the Inland Revenue Board (LHDN). Whether you are a property investor or an owner looking to sell your current home,…
Change Surname in Malaysia: Everything You Need to Know How to legally name change in Malaysia? Application for change of name of a child that is already registered must be made within one (1) year of the date of birth of the child under the BIRTHS AND DEATHS REGISTRATION ACT 1957 It can be made…
Can Or Cannot? : Purchase of Immovable Property in Sarawak by a FOREIGNER The law governing the immovable property in Sarawak is different from West Malaysia. Immovable property in Sarawak is governed by the Sarawak Land Code, whereas the immovable property in West Malaysia is governed by the National Land Code. As the state of…
View CN Version As a preventive measure towards the Covid-19 pandemic, our country has since 18 March 2020 implemented the Movement Control Order (“the MCO”). During this period, a lot of divorced or estranged parents have complained that they have issue with child access during the MCO period. A lot of separated parents are left…
Inspecting Property Check the condition of the property thoroughly (for example : whether there is any water leakage, any cracks on the wall, any defects). If possible, bring along your own contractor/professional personnel to assist you during inspection. It is advisable to take photo(s) of different areas of the property, especially those defects discovered during…
What is Defamation? Defamation refers to the circumstances where there is any unjustified criticism that has caused or is likely to cause serious harm to one’s reputation. If a defamatory statement affects a person’s reputation, that person may have a claim against the maker of that defamatory statement for defamation. There are two types of…
Also known as Agreement to Purchase/Option Form/Booking Form, which entered between the Owner of the property and the Intended Purchaser when the Intended Purchaser decided to purchase the Property. The Owner, ie the Vendor grants the Purchaser an option to purchase the property based on the terms and conditions in the OTP, in return of…
Planning to purchase your dream home? Scrutinise the land search report before paying your hard-earned money First, what is a land search report? A land search report is a report issued by the relevant land registry or land office which offers you important information of a particular land. To avoid falling into any property scams…
WHAT BUSINESS ENTITIES AND BUSINESS OWNERS MUST KNOW ABOUT THE NEW SECTION 17A Introduction of Section 17A Section 17A of the Malaysian Anti-Corruption Commission Act 2009 (“MACC Act”) came into force on 1st June 2020 through an amendment bill gazetted back in May 2018. This addition establishes a new statutory corporate liability on commercial organizations…
