{"id":1145,"date":"2011-10-08T16:26:11","date_gmt":"2011-10-08T08:26:11","guid":{"rendered":"http:\/\/www.nbc.com.my\/blog\/?p=1145"},"modified":"2014-06-30T22:39:15","modified_gmt":"2014-06-30T14:39:15","slug":"budget-2012-real-property-gain-tax-rpgt","status":"publish","type":"post","link":"https:\/\/www.nbc.com.my\/blog\/budget-2012-real-property-gain-tax-rpgt\/","title":{"rendered":"Tax Budget 2012: Real Property Gains Tax (RPGT)"},"content":{"rendered":"

\"Real<\/a><\/span><\/span><\/p>\n

Under Budget 2012, it was proposed that a real property gain tax (RPGT) will be revised to the following:<\/p>\n

Disposed within 2 years, RPGT = 10%
\nDisposed after 2 & up to 5 years , RPGT = 5%
\nDisposed after 5 years, RPGT = 0%<\/p>\n

\n

Revision in Budget 2013:<\/span><\/strong><\/span><\/p>\n

It was announced in BUDGET 2013 that the RPGT Rates had been revised to as follows:<\/p>\n

Properties held and disposed within 2 years, RPGT = 15%<\/strong>
\nProperties held and disposed after 2 & up to 5 years, RPGT = 10%<\/strong>
\nProperties held and disposed after 5years, RPGT = 0%<\/strong><\/p>\n

Please visit here for more details:\u00a0Budget 2013: Higher Real Property Gains Tax (RPGT) Rates<\/span><\/a><\/span><\/p>\n

\n

The previous RPGT is 5% for all properties sold within 5 years from the date of purchase.<\/strong><\/p>\n

The Government is delivering a message to Public for preventing an asset (properties) bubble and cooling off the property market. The rates of increase were generally acceptable to most consultants & industry players as the rate increased was considered moderate.<\/p>\n

\n

The investors are indeed advised to look into Bank Negara\u2019s policy on liquidity and ease of getting housing loans.<\/p>\n

The revised Real Property Gains Tax (RPGT) has hardly affected those who have bought into new properties directly from the developers.<\/p>\n

The buyers are only able to sell their properties once the construction is completed, normally 2-3 years are already gone, thus making the effect minimal.<\/p>\n","protected":false},"excerpt":{"rendered":"

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%<\/p>\n","protected":false},"author":4,"featured_media":3549,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[99],"tags":[173,23,22],"class_list":["post-1145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-property-gain-tax-rpgt","tag-malaysia-budget-2012","tag-real-property-gain-tax","tag-rpgt"],"_links":{"self":[{"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/posts\/1145"}],"collection":[{"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/comments?post=1145"}],"version-history":[{"count":0,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/posts\/1145\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/media\/3549"}],"wp:attachment":[{"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/media?parent=1145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/categories?post=1145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/tags?post=1145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}