07/01/2022
https://www.edgeprop.my/content/1900870/what-you-must-know-about-budget-2022-real-estate-sector
Here are some of the highlights that are related to the real estate industry:
1. The real property gains tax (RPGT) will not be applied for properties sold after the sixth year.
2. RM2 billion allocation under housing credit guarantee scheme to assist gig workers and small traders without steady income to apply for a mortgage loan.
3. Workplace safety: Maximum subsidy of RM300,000 (until Dec 31, 2022) for companies to improve workplace seating or air circulation.
4. Tax relief of RM50,000 for companies registered under the Safe@Work to provide safe accommodation for staff.
5. Landlords who provide rental discounts to businesses will be granted tax relief.