Property Taxation Quiz

What is the consideration paid by the land user to the state for obtaining land use rights called?

• Quit Rent

• Conversion Fee

• Parcel Rent

• Premium

What is the additional premium rate for converting agricultural land to residential use in Selangor?

• 10%

• 20%

• 15%

• 30%

Who has the power to alienate State Land according to the National Land Code?

• Federal Government

• State Authority

• Private Individuals

• Local Government

What is the maximum additional premium rate for converting agricultural land to commercial use?

• 30%

• 15%

• 20%

• 25%

What is the penalty for late payment of quit rent?

• No penalty

• 25% surcharge

• 50% surcharge

• 100% surcharge

What is the term used for the annual tax imposed on freehold or leasehold land?

• Land Tax

• Quit Rent

• Parcel Rent

• Property Tax

What is the formula for calculating quit rent if the rate is per hectare?

• Area / Rate

• Value / Area

• Rate x Value

• Area x Rate

What is the additional premium for converting agricultural land to industrial use?

• 20%-30%

• 15%-30%

• 30%-40%

• 10%-20%

What is the due date for quit rent payment in most states?

• 31st March

• 31st May

• 31st December

• 30th June

What is the premium rate for light industries when re-alienating land?

• 25%

• 15%

• 30%

• 20%