ACQUISITION OF PROPERTIES UNDER MALAYSIA MY SECOND HOME PROGRAMME
  1. ACQUISITION OF PROPERTIES BY FOREIGN INTERESTS UNDER FOREIGN INVESTMENT COMMITTEE (FIC)'S GUIDELINE

    1. Acquisition of Residential Units

      1. Exempted from FIC's approval under MM2H.

      2. Limited to 2 (two) units for MM2H.

      3. Acquisitions of properties other than residential units are subjected to FIC's approval.

      4. Any proposed purchase should be more than RM250,000.00.

  2. TAX PROCEDURE FOR SALE OF PROPERTY

    1. Real Property Gains Tax is charged on chargeable gains accruing on the disposal of any real property.

    2. Disposal within five years after the date of acquisition of the chargeable asset is 30%.

    3. Disposal in the sixth year after the date of acquisition of the chargeable asset and thereafter is 5%.