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Quit Rent | Malaysia Loan - Financial Consultancy On Home ...
Posted by Malaysia Loan Financial Tips - Property
What is Quit Rent?
Quit Rent serves as land grants in forms of tax. Does it affect you and your development, or will it affect your business?
Quit rent is a form of levy or land tax imposed on freehold or leased land by a higher landowning authority, usually government or its assigns.
Under feudal law, the payment of quit rent freed the tenant of...
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