1. To buy a property in Malaysia, you must hire a real estate lawyer to assist in the transaction. Once the purchase of the property is confirmed, a deposit of 3% is required.
2. Within 0/4 days after signing the house purchase agreement, the buyer shall pay 7% deposit.
3. From the date of signing the contract, the buyer shall complete all payments within three months.
4. The sales agreement must be audited by the real estate appraisal department.
5. The transfer must be registered in the land registry.
Exchange RMB for local cash before coming, and the payment includes the following parts;
1. Total land deed tax
Master land lease is the land lease issued by the government for the whole land development case or the whole building. RM0.06 per square foot, paid once a year, paid by the builder first, and then collected from the residents.
2. House number tax and local tax
It varies from place to place and cannot be calculated accurately. About every year 1000-3000 RM. 2. Pay the house number tax in August and the local tax in May.
stamp tax
Pay when renaming hierarchical title deed.
From 20 19 65438+ 10/month, the stamp duty rate of real estate with a value exceeding 1 ringgit will be raised from 3% to 4%.
Suppose you buy a house worth RM 654.38+RM 05,000, and the final amount of RM 500,000 will cost you RM 20,000 (4% RM 500,000), so the total stamp duty will be RM 44,000.
4. Attorney's fees
According to the total price of the property, it will be levied in proportion.
5. Stamp duty on loans
0.5% of the total loan.
6. Gift tax and inheritance tax
No collection
7. Other expenses (search fee, registration fee, etc. )
180 ringgit (about 303 RMB): Stamp charge (per document) 10 ringgit (about 17 RMB); The award fee is 10 ringgit; The search fee is 60 ringgit (about 10 1 RMB); Registration fee 100 ringgit (about 169 RMB).
8. Real estate profits tax
This non-purchase cost is the cost to be paid when the property is sold for profit. Starting from 20 19, the property gains tax (RPGT) of foreigners will be raised from 5% to 10% (after the sixth year). If the property is sold within five years, they will pay 30% of the taxable income.