Old tax, new system with new name

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.