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I’m a Malaysian working oversea. I’m planning to buy an apartment for investment purpose. I want to know if I buy cash to buy the property, would it bring trouble to me for the tax issue? Because what I understand is if we work oversea legally (with pay slip and contract) we do not need to pay tax of malaysia.

Could please advice if I buy cash better or using the home loan? Thank you
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2 Answers

Jack Hee
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You should be taxed by your oversea country...So u wont get income tax from malaysia. -i will advice is take home loan, because in malaysia home loan got full flexi package, if you extra money u can just put in loan account, so u wont get any interest... Jackhee here , I am Real Estate Negotiator 016-9161504  if you still got question , you can just text me Maklumat lanjut
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<en>David</en> <en>Wong Lai Kwong</en>
Replied
There should not be any double taxation if you are already legally taxed for your income overseas. Buying a property fully in cash or by a bank loan depends on your plans. If you are planning to buy more than one property in the near future as an investor perhaps leveraging on a bank loan will be good to free the additional cash for downpayments for other properties. Secondly, if you convert foreign currency to ringgit in total purchase price and the ringgit weakens then you will be losing on your investment. Loan from local currency makes your investment less susceptible to forex. Maklumat lanjut
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