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Malaysia Real Property Gain Tax (RPGT)

Written by Saiful Mohd Saad on 6:34 AM

The increase in the real property gains tax (RPGT) as announced in the 2014 Budget should help to stabilise property market.

. RPGT is a good method to
control the price rise and unhealthy conditions, which bring a bad effect to the property sector
- See more at: http://www.themalaymailonline.com/money/article/budget-2014-rpgt-can-stabilise-property-market-says-body#sthash.5QMQ6LYF.dpuf

RPGT is a good method to control the price rice and unhealthy conditions, which bring a bad effect to property sector.
control the price rise and unhealthy conditions, which bring a bad effect to the property sector
- See more at: http://www.themalaymailonline.com/money/article/budget-2014-rpgt-can-stabilise-property-market-says-body#sthash.5QMQ6LYF.dpuf

. RPGT is a good method to
control the price rise and unhealthy conditions, which bring a bad effect to the property sector
- See more at: http://www.themalaymailonline.com/money/article/budget-2014-rpgt-can-stabilise-property-market-says-body#sthash.5QMQ6LYF.dpuf

The RPGT has been increased to 20 per cent for properties sold within the fourth year and 15 per cent for properties disposed of within the fifth year for both individuals and corporates.

For properties disposed of in the sixth and subsequent years, no RPGT is imposed on individuals but companies are taxed at five per cent.

However, for foreigner investor are allowable to purchase minimum RM1 million, increase from RM500,000.00 currently.

The foreign buyers of Malaysian properties would have to pay 30 per cent in real gains property tax (RPGT) if they were to sell their units before five years. The tax is at 5 per cent if the unit is sold after that period.

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Written by Saiful Mohd Saad on 11:34 AM

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