Rent, Parcel Rent, And Assessment Rates
The role of Quit Rent and Assessment Rates are both important parts of your household finances.
But these costs are often overlooked when it comes to understanding charges that relate to property in Malaysia. So what do you need to know?
These two payments form part of Malaysia’s land tax system. The owners of qualifying properties are legally liable for these charges under Malaysia’s established system of law.
That means you better pay up, or well… you’ll pay for it! Here’s what that means in terms of who, why, and when you have to pay your quit rent and assessment rates.
Malaysia