The disadvantages of buying property via Sdn Bhd (Copy)
The disadvantages of buying property via Sdn Bhd (private limited company)
#1 Taxation
The Sdn Bhd will be taxed 24% instead of SME preferential tax rate (17% on first RM600,000 chargeable income, 24% on subsequent chargeable income)
#2 Cost
The cost of setting up a Sdn Bhd run from thousands dollar.
The annual compliance cost on audit, tax and secretarial run from thousands dollar.
#3 Profit distribution
Shareholder can only reap the profit via dividend distribution under the Company Act 2016.
#4 Personal guarantor
The director/shareholder may act as personal guarantor to the bank for loan financing on the property.
#5 Loan Financing Ratio
Bank normally charge higher interest rate and borrowing limits to Sdn Bhd compared with individual.
#6 Transfer of shares
Shares of Sdn Bhd are not openly tradeable and may be difficult to find a buyer.
#7 Closure of company
The closure of sdn bhd may be time consuming and costly.
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