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Malaysia Real Property Gains Tax January 2010 From 1.1.2010 gains from sale of real estate within five years from the date of purchase are subject to 5% real estate property gains tax. If the sale of the real estate, including sale of shares of real estate companies, relates to assets held more than five years from the date of purchase the capital gain is tax exempt. Malaysia U.K. Double Taxation Treaty September 2009 Malaysia and the U.K. signed on September 22, 2009 a new protocol updating the existing double taxation treaty between the two countries. The protocol updates the existing exchange of information article in line with the OECD standards. The protocol is expected to take effect next year, after completion of the legistlative procedures in both countries. Source :www.hmrc.gov.uk

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