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How RPGT, DIBS and GST Affect You and Your Property

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Are you planning to purchase a house? You need to know what are the changes announced in Budget 2014 that can affect you.

On 25 October 2013, Malaysia's Prime Minister, Datuk Seri Najib Tun Razak announced the changes that affect property buyers and investors in Malaysia in Budget 2014. The changes include significant increment in the real property gains tax (RPGT) and the abolishment of Developer Interest Bearing Scheme (DIBS). The measures were taken in order to combat increasing housing prices, especially in the urban areas, that is now affecting the Malaysian populace.

In this infographic, iMoney explains what RPGT, DIBS and GST are and how they affect all home buyers and investors in Malaysia from here on.

This infographic explains what RPGT, DIBS and GST are and how they affect all home buyers and investors in Malaysia from here on.


ABOUT THE AUTHOR: CHING WEI LEE
Ching Wei Lee Ching is the CEO and co-founder of iMoney, a leading price comparison website in Malaysia. Prior to iMoney, he was an investment consultant, advising clients ranging from $5 million to $500 million on investment related matters. He is also a CFA & CAIA Charterholder, two prestigious professional qualifications in the finance field.

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