Weekly Industry News

New tax system places onus on property owners

Weekly Industry News

THE inability of joint management bodies (JMB) and management committees (MC) to collect fees from residents is a common problem at high-rises, especially when part of the monies owed is for quit rent or land tax.

Failure to pay has a multi-fold effect on the unit owner, particularly when trying to sell or wanting to transfer ownership.

To address this, the Selangor Land and Mines Office (PTGS) has adopted parcel rent billing for stratified buildings to replace land tax from June 1, 2018.

However, parcel rent is only applicable to those who have separate strata titles.

MediaTitle: The Star

Date: 26 Apr 2019

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