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.

Subscribe now for a chance to win your dream holiday!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!
   

Next In Metro News

Rapid KL introduces MyCity two-day pass
Lesser known varieties a hit with durian lovers
Selangor’s aviation show expected to generate RM1.3bil
Popular staples with global appeal
Nearly 500 nation-building initiatives for youths
Comforting chilli con carne
Mobile app for road-related complaints
Pawsome fun at pets carnival
Culinary meet promotes Malaysian cuisine among nearly 500 international participants
We are not just ‘lain-lain’

Others Also Read