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