2013 Malaysia Real Property Gains Tax in Malaysia (RPGT)

Oct 30, 2012 No Comments by

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)
Bought Unit 1 year ago with RM500,000.00 and sell within 2 years with selling Price RM600,000.00

  • Since it fall within 2 years period so the RPGT will be 15%
  • Gross Earning: RM600K – RM500K = RM100K
  • RPGT = 15% x RM100K = RM15K
What do you think this will affect to the housing market? You’re welcome to post your comment below.. 

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