LATEST
RPGT – Real Property Gains Tax, as reported at The Star, The Edge Property, iProperty, Bernama.com,
Summary
Seller will still be charge a minimum of 5% on GAINS even after 5 years from initial purchase date.
Exemptions on:-
* The level of exemption is increased from RM5,000 to RM10,000 or 10 per cent of the chargeable gains, which ever is the higher;
* Gifts betwen parent and child, husband and wife, grandparent and grandchild; and
* disposal of a residential property once in a lifetime.
