The land office expects to collect RM30mil with the implementation of parcel rent, compared to RM15mil currently. — Photos: LOW LAY PHON/The Star
FLATS, apartments, condominiums, commercial units and small office/home office (SOHO) owners in Kuala Lumpur will have to pay tax directly to the land office come Jan 1,2020.
The tax is not new, but the system is. Known as parcel rent, it replaces quit rent that property owners currently pay through their respective management corporations (MC) and joint management bodies (JMB) to Federal Territories Land and Mines Office (PPTGWP).
The quit rent is billed along with the owners’ maintenance fees.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
