A guide for people who have bought banyan curve and are thinking of buying banyan curve.

All income is subject to tax. Income earned on property in malaysia will be taxed in Malaysia, depending how you buy, non resident or corporate structure will determine tax rates, it is self assessment.

We know legal ways to lower your taxes (and improve your investment) so be in touch if you need assistance.

Regards Darren

Still very positive on this investment if you buy correctly.
ie. You know what you are doing.

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The tax level is 28% though this can be mitigated (brought lower) via a mortgage as income is taxed after interest is paid on the mortgage.

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Good advice from darren

Just another though

I have lived and owrked in Malaysia for 2 years, so know things quite well over htere.

There is no way to avoid tax, it is from source.

BUT

They have a "my second home" scheme which means that you can basically get residency if you buy a prpoeryt over ehtere.

that allows you to invets in a state pension

This means that you can invest some of the rental income (11%) into the pension and it is tax excempt

Not going to make you a millionaire, but helped me out to the tune of 10,000 a year while I was there

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Robert Gavin
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Good comments, thanks dc

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I visited the Banyon Curve development and couldn't really see the attraction, it's basically a 3 star hotel with an extension out the back which has been made to look like water villas. They are also building these so called water villas to the side of the Hotel but as far as I could see 2/3 of them were on the beach. Better off calling them beach villas. I was also disappointed that the facilities are not being improved to cope with the extra rooms that are being built, It may just be me but that certain feeling you get when something feels right just wasn't there. Also the view on the horizon was basically one of non stop cargo vessels heading for Port Dickson next door!

Serene,

Either you are an agent who hasn´t got a contract to sell properties at Banyan Curve (as advertised by the number of negative comments you posted about it) or your investment strategy is based on blue skies and fluffy dolphins! Looking at your other posts, it does not appear that you have a concern for the environment, so let´s pretend you are an agent.

To trash an investment opportunity which in its first year (phase 1) returned yields of 9.36% is ludicrous. You claim to have invested in an off-plan project - severley overpriced - which has yet to deliver anything, whilst Banyan Curve/Legends is successfully operating on 80+% occupancy with a selection of conferences, conventions and short term rentals.

The second phase (which most people sell) has got a reasonably high take up of units, with a waiting list for the prime units. Phase 1 resales are available from RM 250.000 (about £39.000) and represent a decent investment in Malaysia for anybody looking for BTL returns.

Irrespective of your motive for posting derogatory remarks about Banyan Curve, don´t neg out all the clients who have invested in the project - it is doing great and will continue to do so, regardless of what shape it is! (see "Serene"´s other posts if you don´t understand this comment).

I wish you luck in your business/investing, but you won´t win any friends by slagging off what is already good when you are just speculating.

Regards,

AK2

Numer of points to understand about this project:

It is was never meant as a holiday home purchase for non malaysian buyers and therefore the "lifestyle" issues raised here are not even considered.
It is a good and sound "pure investment" expecially if mortgaged (for tax reasons) and offers good returns. It is being marketed to malaysians living in Kuala Lumpur as a weekend retreat!

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All I'm saying is that having viewed the Legends is was not for me and I found the DVD very misleading. As an investor I take the time to visit ALL prospective developments unlike others who just rely on the figures stacking up, I am very wary of overseas investments especially when there are more than a short flight away to resolve problems if and when they occur, so I spent time in the area and decided to purchase on a different project, the main reason being that I believed that in 6-7 years time an exit strategy would be difficult to find.