Comments for Foreign Buyers at http://thinkproperty.com.my/realestate , comment 1 to 3 out of 3 comments http://thinkproperty.com.my/realestate Fri, 12 Mar 2010 22:21:54 +0100 FeedCreator 1.7.2 http://thinkproperty.com.my/realestate/Guides/Foreign-Buyers.html#comment-132 Since Malaysia do no allow dual-citizenship, I am curious if the country has any law in place to forbid a designated heir, who has gave up Malaysian citizenship, to inherit and liquidate properties left over by his/he parents. Parents are both Malaysian and properties include real estate, commercial and land property as well as bank and brokerage accounts. I am looking forward to hear from anyone who know anything about the Malaysian property law or had ran into the same situation like what I just described. - cai Mon, 08 Mar 2010 00:19:49 +0100 http://thinkproperty.com.my/realestate/Guides/Foreign-Buyers.html#comment-121 Can foreigners seek income tax deduction at their country after making a purchase of property here ? Appreciate some info. - Raymond Chu Fri, 26 Feb 2010 21:00:42 +0100 http://thinkproperty.com.my/realestate/Guides/Foreign-Buyers.html#comment-120 There is a requirement under stamp proforma Form PDS 15 where the income tax requirement is expected to be filed in prior to assessment for adjudication before the Inland Revenue ( Lembaga Hasil Dalam Negeri ). Previously, foreigners will have to support meeting their qualifications with the Foreign Investment Committee (FIC). However, with the FIC disbanded today, any such requirement is uncertain. Will this mean exemption and if so, can foreigners seek declaration to seek income tax deduction at their country by making any local purchase of property here ? - Raymond Chu Fri, 26 Feb 2010 20:58:06 +0100