Owners to pay parcel rent to land and mines office from Jan 1

(From left) Khalid, Che Roslan and Syed Azmin at the launch of the parcel rent system at the PPTGWP in Kuala Lumpur.

A NEW tax system known as parcel rent for stratified properties in Kuala Lumpur will take effect from Jan 1 next year.

It will replace quit rent and unit owners will have to pay directly to the Federal Territories Land and Mines Office (PPTGWP).

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