Can Malaysia immigrate when buying a house? What is the property tax rate in Malaysia?

Can Malaysia immigrate when buying a house? Many property buyers mistakenly think that Malaysia, like Europe and China, can immigrate to invest when buying a house, but in fact Malaysia has not introduced a new immigration policy for foreigners. Buying a house and investing in immigration are two different things. If you want to live in Malaysia for a long time, you can apply for Malaysia's second home plan, get the permanent residency of the whole family, and enjoy the policy and quality life.

What criteria does Malaysia need to buy a house? 1, property right.

Permanent property rights: property rights are long-term and foreigners can buy them. Term of renewal of property rights: generally, it belongs to 99 years of property rights, and the land use right certificate is held by the district government and can be sold and traded within the specified time. At the expiration of the validity period, the ownership of Turkey and the real estate on the ground are owned by government agencies free of charge. Upon expiration, Turkish users have the right to apply to the district government for renewal and pay the required fees. Years of property rights reserved by Malays or aborigines: This kind of house belongs to Malays and aborigines, and foreigners cannot buy it.

2. Real estate loans

Foreigners can apply for loans when buying a house in Malaysia. In recent years, Malaysia has been able to attract foreign investors, and general financial institutions can provide loans of 50% to 80%. If investors work in Malaysia or participate in the second home plan, the probability and proportion of borrowing will be higher, but foreigners need to clearly provide more documents to prove their residence and work in Malaysia.

3. The condition of the house

Judging from the actual situation of each state, the minimum threshold price for buying a house is different. According to different countries, Malaysia allows investors to apply for registration of the property they want to buy in their own names. According to Malaysian laws and regulations, foreign investors have the same maintenance as Malaysian locals when buying a house. All transaction contracts must be drafted in a standard format. Every real estate agent must be reasonable and legal, and can buy any number and type of real estate, such as new houses and second-hand houses. Moreover, foreigners do not need to get foreign countries to buy and sell real estate in Malaysia.

What is the property tax rate in Malaysia? (1) Property deed tax. It is in line with the residential buildings of the same level whose building density is above 1.0 (inclusive) and the total single building area is below 140 (inclusive) square meters (increased by 16.7% on the premise of 120 square meters), and the specific selling price is lower than 1.2 times. Otherwise, press 3%.

1, primary industry value1RM 0,000, contract stamp duty1%;

2. Industrial value 10000 1-RM 499999, and contract stamp duty is 2%;

3. If the industrial value is above RM500,000, the contract stamp duty is 3%;

(2) Contract stamp duty. Both parties pay 0.05% of the house price.

(3) business tax. The business tax payable for houses purchased within two years is: the selling price × 5%; After 2 years, business tax will not be levied on ordinary houses, and business tax of 5% of bid-ask spread will be levied on high-grade houses.

(4) Additional tax. 7% business tax

(5) Educational surtax. 3% business tax

(6) individual tax. Within 2 years of ordinary residence: {income from house sale-total purchase price-(business tax+surcharge+education surcharge+contract stamp duty) }× 20%; Ordinary residence for 2 years or more (including 5 years): (income from house sale-total purchase price-contract stamp duty) ×20%. Sale of public housing: within 5 years, (housing sale income-economic development house price-land transfer-effective expenses) ×20%, in which economic development house price = total construction area × 4,000 yuan/m2, and land transfer = 1.560 yuan/m2×/kloc-0% total construction area. Ordinary houses of 5 years and above are free of charge.

(7) signboard tax

As we all know, China does not have that signboard tax. But in Malaysia, the signboard tax is paid once every six months, and everyone pays the tax once a year. Generally, it ranges from RM 500 to RM 2000, depending on the region.

Therefore, the collection of real estate tax in different countries is different, so we must understand the local preferential tax policies in order to master how to calculate it.