Real Property Gain Tax (RPGT)

Pay Your Tax Now or You Will Be Barred From Travelling Oversea

LHDNYou will be barred from leaving the country if you have yet to settle your income tax or property tax (RPGT) from October 2013 onwards!

You may or may not aware that you have outstanding tax yet to be settled with LHDN due to reasons that you have not updated your latest address with IRB so the notification letter from IRB cannot reach you OR you are paying monthly PCB now and assuming the new PCB payment will pay off the outstanding tax.  Read More

2,795 total views, 5 views today

Budget 2014: 30% RPGT for first 3 years

Budget 2014: 30% RPGT for first 3 yearsOwning a comfortable home are top on the most wish list from the people, this largely due to the constant increased house prices for past few years. Price of most houses in the cities has been double or treble since then.

As part of the effort in reducing the speculative activities in the property market, it was proposed under Budget 2014 that the real property gains tax (RPGT) will be revised as table below:

  Personal (citizen & PR) Company
Disposed within 3 years 30% 30%
Disposed in 4th year 20% 20%
Disposed in 5th year 15% 15%
Disposed after 5 years 0% 5%

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35,591 total views, 47 views today

Budget 2014: Impact on property market?

Budget 2014: Impact on property marketAll eyes are on next Friday’s Budget 2014 announcement, which many predict will have a big impact on the property industry

Affordable housing remains a thorny issue but the chorus of calls for more transparent information on property prices and values grows louder. Many are expecting a slew of changes to curb property speculation such as the abolition of DIBS (Developers Interest Bearing Scheme) and higher RPGT (Real Property Gains Tax).  Read More

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Budget 2013: Higher Real Property Gains Tax (RPGT) Rates

The limited supply of real property especially in urban areas has provided opportunities for speculative activities.

Therefore, the Government proposes the real property gains tax (RPGT) from the disposal of properties made within a period not exceeding 2 years from the date of purchase will be taxed at the rate of between 15% and 10% of disposal of property within a period of 2 to 5 years.

For property disposed after 5 years from the date of acquisition, RPGT is not applicable.

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16,352 total views, 3 views today

RPGT: How to calculate (or determine) the purchase price for a property?

Many have raised a question on how to calculate or determine the purchase price for a property in RPGT.

The right and correct purchase price for your property is not only to inform the actual costs that you’ve paid for your property, but it is also important to reduce your possible RPGT when you have decided to dispose of your property for an awesome profit. :)   Read More

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Gains on disposal of properties that are exempted from tax (RPGT Exemptions)

Certain gains on the disposal or transfer of properties are tax exempted, subject to the provisions of Real Properties Gains Tax Act, 1976.

Real Property Gains Tax (RPGT) exemptions are available in the following circumstances:

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8,324 total views, 14 views today

Tax Budget 2012: Real Property Gains Tax (RPGT)

Real Property Gains Tax (RPGT)

Under Budget 2012, it was proposed that a real property gain tax (RPGT) will be revised to the following:

Disposed within 2 years, RPGT = 10%
Disposed after 2 & up to 5 years , RPGT = 5%
Disposed after 5 years, RPGT = 0% Read More

12,390 total views, no views today

Real Property Gain Tax (RPGT) in Malaysia

With effect from 1 January 2010, RPGT of 5% flat will be applicable on gains on disposal of real properties in Malaysia or disposal of shares in real property companies within 5 years from the date of purchase.

The scale rates from 5% to 30% depending on year of possession is no longer applicable.  Read More

1,317 total views, 1 views today

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