Under budget 2013, with effect from 1 January 2013, chargeable gains from the disposal of real properties are as follow:
- sold within 2 years = RPGT 15%
- sold above 2 years and below 5 years = RPGT 10%
- held more than 5 years will be exempted from the Real Property Gains Tax (RPGT)
- Since it fall within 2 years period so the RPGT will be 15%
- Gross Earning: RM600K – RM500K = RM100K
- RPGT = 15% x RM100K = RM15K
The mortgage and financial consulting services are offered to you FREE of charge without any obligations. Kindly contact us or email to firstname.lastname@example.org if you need any enquiry. Thank You.