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More taxes to pay in the coming 2010
18 hours ago ago from Blogging and Investment
Credit service tax of RM50.00, real property gains tax (RPGT) of 5% flat rate and now goods & services tax (GST), which pending for a firm date for its implementation. 2010 will be a tough year for Malaysian to absorb all the taxes news. Below article was written by Kang Beng Hoe, executive director of Taxand Malaysia Sdn Bhd. When the Finance Minister introduced Budget 2010 in October, he surprised many and disappointed some with his tax ...
Related content5% Real Property Gains Tax for Properties Sold Within Five Years
9 hours ago ago from Fortune Sense
Prime Minister Datuk Seri Najib Tun Razak announced on 23 Decemeber 2009 that the 5% real property gains tax (RPGT) will now only be applicable to properties that are sold within five years of their purchase. This is a change from the announcement made in the 2010 Budget that saw the RPGT being imposed on all properties sold regardless of the properties holding period. The purpose of it is to curbing the property speculation activities. ...
Related contentA Veteran’s Guide to Property Taxes
22 hours ago ago from The Albany 10 - Top Ten Lists of the Best Restaurants, Businesses, Services, and Everything Else You Can Imagine in Albany, NY
Paying property taxes to your city, town, or county is part of a home owner's responsibilities. Property taxes are computed based on your home's assessed value. Don't get confused because the assessed value and appraised value are two different things. To make it simple, the appraised value is simply the market value of a property in today's market while the assessed value is used by taxing authorities to put a dollar value in the property ...
Related contentRental Real Estate
6 hours ago ago from Plus Blog
Understanding Your Rental Property Adding real estate to your portfolio can be a smart thing to do. Many do this by converting their first home into a rental when they can afford to acquire another principal residence. As I have discussed before, every portfolio should have 20% invested in the alpha rim (see “Do What the Hell I Tell You-Guide to Portfolio Building”). The alpha rim is the part of a portfolio that is not invested in stock ...
Related contentFor Leverage
18 hours ago ago from Kenny Santos dot Com
The term leverage in the world of finance is defined as borrowing money to purchase a company and relying on it to produce enough capital to cover the interest payable on the loan. This is the type of leverage that investment in real estate properties provides. You do not have to be rich to invest. The goal, of course, is to make money for the long term. The principle is rather simple: spend a little to make a lot. Take the $10,000 you ...
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