New road linking Jalan Jelutong and expressway opens

A new link road connecting Jalan Jelutong to the Tun Dr Lim Chong Eu Expressway in Penang will be open from midnight today.

The 800m road, which is an extension of Jalan Tan Sri Teh Ewe Lim, will connect the Jalan Tan Sri Teh Ewe Lim, Jalan Perak and Jalan Jelutong intersection to the expressway.

More sections of Jalan Perak and Jalan Jelutong and a stretch of Jalan Panchor will be converted into one-way at the same time to ease traffic congestion in the area.

How will the GST affect rental income?

There is bound to be some confusion on the effect of the goods and services tax (GST) on the rental income of properties once the value-added tax takes effect on April 1, 2015.

It has been announced that the sale or leasing of residential property will be spared the value-added tax as it is categorised exempt-rated, while the leasing of commercial property will be subject to GST at a standard-rated 6%.

But it may not be that straightforward as some residential properties could be used for commercial purposes, and vice versa.

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