BNM Reduces Property Maximum Loan-to-Value (LTV) Ratio to 70%

property investment

With immediate effect, Bank Negara Malaysia (BNM) reduces the maximum loan-to-value (LTV) ratio to 70% instead of normally as much as 90% from the value of the property.

The limit will be applicable to the third house financing facility taken out by a borrower. However, first and second home buyers are not affected by this new rules. They will continue to be able to obtain financing for their purchases at LTV of 90%

The measure aims to support a stable and sustainable property market, and promote the continued affordability of homes for the general public.

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Budget 2011 Highlights for Personal Finance and Investment


On Friday 15th October 2010, Prime Minister, Datuk Seri Najib Tun Razak tabled a RM212-billion budget for 2011 centred on four key strategies designed to transform Malaysia into a developed and high-income nation by 2020 with sustainable development, spearheaded by the private sector as well as focus on the well-being of the people.

The following are Budget 2011 highlights for Personal Finance and Investment.

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Malaysia Individual Income Tax Exemptions, Deduction, Rates, Reliefs and Rebates for 2009

income tax

It is time of the year again for us to complete income tax return form for the year of 2009. For individuals, the last date to submit the form is on the 30th April 2010. This is what LHDN or IRB warn if you fail to do it by the dateline.

Any tax due and payable but has not been paid by the taxpayer by the due date shall be increased by 10% and any balance remaining unpaid upon the expiration of 60 days from the due date shall be further increased by 5% of the balance unpaid.

Read more to find out more information on tax exemption, deduction, rates, reliefs and rebates for individual for year 2009.

If you are not sure what are tax exemption, rates, reliefs and rebates, you can read here.

Which form to fill in?

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