parents’ medical expenses
tax relief of up to RM5,000 for parents’ medical expenses be extended to cover expenses to care for parents - physical or mental disabilities and who need regular treatment certified by a qualified medical practitioner. This include home, day care centres or home care centres (exclude cosmetic dental treatment).
1st time owners
1st time Malaysian house (terrace house, condominium, apartment or flat) buyers will be given stamp duty exemption of 50% on (1) instruments of transfer (i.e sale and buy agreement)
(2) loan agreement on a residential house price not exceeding RM350,000 during 1 Jan 2011 to 31 Dec 2012.
Service tax
Service tax rate increased from 5% to 6% wef 1/1/2011.
This will impact all considerably on the long run in consideration for Govt.'s increase in revenue.
