IPP 0.00% $3.98 iproperty group limited

I hadn't heard anything about this, but the Malaysians are...

  1. 4,204 Posts.
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    I hadn't heard anything about this, but the Malaysians are introducing a Capital Gains Tax in the budget just released.

    Shaun talks about it here.
    http://media.bfm.my/assets/files/The%20Property%20Show/2013-11-01-Property-Show-Shaun-DiGregorio.mp3

    http://www.kpmg.com/global/en/issuesandinsights/articlespublications/taxnewsflash/pages/malaysia-gst-regime-income-tax-rates-in-2014-budget.aspx
    Introduction of a “real property gains tax” at a rate of 0% to 30% for Malaysian citizens and permanent residents and at a rate of 5% to 30% for companies and non-Malaysian citizens

    You would expect this has an impact on the Malaysian market for property sales, advertising spend, demand, etc.
 
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