

Types of Land Taxes
Flashcard
•
Business
•
University
•
Hard
SR SITI NOR ZUHERRYNA BINTI DIMYATI (INSPEN)
FREE Resource
Student preview

13 questions
Show all answers
1.
FLASHCARD QUESTION
Front
How do premium rates differ in Malaysia?
Back
The rates for premiums differ from state to state and are based on the respective State Land Rules.
2.
FLASHCARD QUESTION
Front
What factors determine the value of land for premium calculation?
Back
Market value, use of the land applied for, condition of the land, term of the lease, location, shape, and size of the subject land.
3.
FLASHCARD QUESTION
Front
What is 'Additional Premium' and when is it imposed?
Back
It is imposed when there is a change of land use to a better or more beneficial use.
4.
FLASHCARD QUESTION
Front
Who bears the cost of the Additional Premium?
Back
The registered proprietor of the land.
5.
FLASHCARD QUESTION
Front
What is the additional premium payable for converting agricultural land to residential use in Selangor?
Back
15% of the land value.
6.
FLASHCARD QUESTION
Front
What is the additional premium payable for converting agricultural land to commercial use in Selangor?
Back
30% of the land value.
7.
FLASHCARD QUESTION
Front
What is the additional premium payable for converting agricultural land to golf course use in Selangor?
Back
7% of the converted land value.
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?