What are the good and bad for Personal Finance?
Good News
- For first time home owner
- 50% exemption on stamp duty on sale & purchase agreement (effective 1.11.2011 to 31.12.2012)
- 50% exemption on stamp duty on loan agreement. (effective 1.11.2011 to 31.12.2012)
- For tax payer incurred expenses to take care old age parent
- Now extended to other expenses instead of medical bill only. However, still limited to RM5,000 only.
- Highway road users
- No more surprise for next 5 years.
- Disable person. 100% exemption on tax for National Car. [Caring government]
Bad News
- No reduction in individual tax rate
- No additional tax relief for individual
- New Service tax for Astro subscription (and any other PAID TV)
Except being a highway user, I don't see how i benefit from Budget 2011 but I have one more reason not to subscribe to Astro.
