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
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