By Sarah Kambali The Budget 2020 for Malaysia was recently tabled at the Dewan Rakyat in Parliament by YB Tuan Lim Guan Eng, Minister of Finance, on Friday, 11th October 2019. The Budget 2020 objectives are based on “Driving growth and equitable outcomes towards shared prosperity.” Real Estate transactions fall under Strategy 11: Promoting Access…

By Christopher Chan, an associate director and a registered estate agent with Hartamas Real Estate Group To spur both the challenging property market, I strongly recommend that the government adopt the following suggestions for Budget 2020: 1) The existing benefits for the residential secondary property market should be reconfigured to the following:  The existing threshold…

Puan Sarah Kambali, a partner and head of the Real Estate Practice Group in MahWengKwai & Associates, will be delivering a talk and sharing her experiences on “Client Management” and “Clients’ Interest” at the first session of day 2 of the “2-Days Practical Workshop on Basic Conveyancing Practice” hosted and organized by the Kuala Lumpur…

Thursday, 4 July, 2019 12:30pm – 2:30pm    Foreign Direct Investment in the UK (Download pdf brochure ) Overview Despite growing uncertainty in many economies and financial markets around the world, there are still many good reasons to invest in the United Kingdom (‘UK’). The UK has one of the most robust property markets in the world…

Wednesday, 24 April, 2019 12:30pm – 2:30pm    RPGT & Stamp Duty 2019 (Download pdf brochure ) Overview In November 2018, the Finance Minister announced changes to the rate of Real Property Gains Tax (RPGT) and Stamp Duty. These changes have been brought into force via Finance Act 2018 and have had an impact on the…

By Richard Wee, Cheng Kaijie & Oh Jia Ling This article intends to address the effect and consequences of money laundering over real estate and the legal profession in Malaysia. The flow of this article will be to extract the finer points of money laundering and how it usually comes into play; before cross-referring with…

By Richard Wee, Sarah Kambali, Darren Tan & Oh Jia Ling   Photo by rawpixel.com from Pexels Purchasing or selling a property in Malaysia can be complicated with layers of administrative challenges. Embedded in these property transactions are statutory rules, legal practices and commercial documentation. For many first time property buyer, or even regular property investor;…

by Lim Jo Yan and Teoh Huei Wen The Passing of Companies Bill 2015 On 4 April 2016, the Malaysian Parliament passed the Companies Bill 2015.The Bill was formulated with an aim to revamp the existing corporate landscape in Malaysia under the Companies Act 1965 (“Act”), of which some provisions were deemed to be obsolete…

  by Lim Jo Yan and Mak Ka Wai RPGT is a tax chargeable on the profit gained from the disposal of a property and is payable to the Inland Revenue Board. As such, RPGT is only applicable to a seller. For example, A bought a piece of property in 2000 at a value of…

by Raymond Mah, John Chan and Denise Phang This article examines the effect of the Goods and Services Tax (“GST”) on Management Corporations and Joint Management Bodies of stratified development areas, and takes a look at pre and post-GST charges imposed on parcel owners. What is GST? GST came into effect on 1 April 2015…

© 2019 MahWengKwai & Associates |
Terms of Use | Privacy and Personal Data Protection

logo-footer