NO MORE Real Property Gains Tax for properties sold after 5 years! RPGT in Malaysia has been revised again! This time, it is good news for local property market!
Referring to the revision announced by our Prime Minister Datuk Seri Najib Tun Razak on 23rd December 2009, the 5% RPGT would now only imposed on properties sold within 5 years of the date of purchase.
The revised RPGT is much fairer now compare to the previous RPGT policy announced by Government in Budget 2010, where the previous RPGT is wanted to be imposed on each property regardless the number of years of ownership.