Consultants see tax relief for housing loans supporting first-time buyers amid limited property measures in Budget 2025While the newly announced Budget 2025 is not a “property budget”, property consultants applaud the introduction of tax relief for housing loan interest payments up to RM7,000, which is expected to encourage first-time homeownership.
In the Budget 2025 tabled last Friday, the government announced individual tax relief for housing loan interest payments to encourage first-home ownership. Tax relief of as much as RM7,000 will be provided for homes worth up to RM500,000, while tax relief of up to RM5,000 will be provided for houses priced between RM500,000 and RM750,000.