30% Discount For Land Rent And Deferment Of Land Premium
Following the recent announcement by the State Government on 30% discount on land rent and deferment of the instalment of premium, the department wishes to clarify on the following:-
1) 30% discount of current land rent.
Any land rent payable for the year 2020 will have 30% discount. For example, if the current land rent is RM1,000, the owner is only required to pay RM700 after 30% discount. If the land rent is due during the time of Movement Control Order (MCO), surcharge raised will not be imposed.
2) Deferment of premium instalment.
Any instalment payment for 2020 will be deferred to 2021. That means owners will only be required to pay the instalment premium in 2021.
For example, if a title issued in 2019 has the following instalments:-
2019 1st instalment;
2020 2nd instalment;
2021 3rd instalment;
2022 4th instalment;
and 2023 5th instalment
The second installment payable in 2020 will be treated as second payment in 2021.
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