Owners of Low-Cost Flats Receive 25% Tax Deductions

SHAH ALAM, 28 Nov: Owners of Low-Cost Flats can receive a 25% tax deduction off the assessment rate from Local Authorities (PBT) even though there is no Joint Management Body (JMB) or a Joint Management Committee (JMC) at their flats.

According to the Housing, Building Management and Squatters Exco member, Iskandar Abdul Samad, the deductions will be given directly to the owners when they make PBT assessment payments together with the special form.

He said that the discount will be given without needing all the owners of the flat buildings apply for it.

“Even if only one owner applies, he will get a cut of 25%.

“Each application must be accompanied with a special form approved by the JMC chairman or the MC, the PBT Commissioner of Buildings (COB) or a PBT council member,” he said.

He added that the cuts were only for flats occupied by the owner or the owner’s heirs.

He explained that the State Government does not have the total number of owners who have been given the discount because this policy was just enacted in September.

“This data will be obtained from the Local Authorities at the end of this year.

“From this data, a study will also be conducted by the State Government to determine whether with the tax cuts, more apartment owners will pay their building maintenance fees,” he said.

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