Weekly Industry News

Revenue loss from uncollected strata titles

Weekly Industry News

AS a result of owners not collecting their strata titles, which involve stamp duty payments and registration fees, the government is not receiving revenue, which may run into millions of ringgit, in a timely manner.

Real Estate and Housing Developers’ Association says this is an old issue. While the government will not lose this revenue, it is a question of when.

Rehda president Datuk Soam Heng Choon says: “It is a timing of the revenue.”

The federal government is deprived of stamp duty revenue in a timely manner and the state land offices of registration fees and the lawyers, their fees.

Media Title: The Star

Date: 22 Feb 2020

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