What Is Quit Rent And Assessment

Quit rent quit rent or quitrent is a tax or land tax imposed on occupants of freehold or leased land in lieu of services to a higher landowning authority usually a government or its assigns.

What is quit rent and assessment. If your property is rented the tax is often included into the cost of your rent so you don t. Those who pay either tax after the due date must pay a fine. Quit rent or cukai tanah is a form of land tax collected by your state government for property in malaysia. That is discharged from any other rent.

Quit rent also applies to strata buildings. It s assessed and imposed by the local state government via the country s land office. It s imposed on owners of both freehold and leasehold land. Land and property owners must known state due dates and assessment rates and act of their own volition in paying the tax.

Referred to as cukai tanah in malay quit rent is the payment that owners of local properties make to the malaysian government through the land office or pejabat tanah dan galian ptg. This payment is calculated by multiplying the size of an owned property in square feet or square metres by a specified rental rate.