Real Property Gains Tax 2010 Latest Updates on 23 Dec 2009

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.

11 thoughts on “Real Property Gains Tax 2010 Latest Updates on 23 Dec 2009”

  1. sock peng

    super good news
    also fair for non-investor seller

  2. rahayu

    Hi, may I ask & confirm?If I want to sell the house (first time)means I can get exemption right?If yes, Why the lawyers did not mention this to me?

    • Horlic Lim

      The exemption is not necessary to be used for the first house, it can be either your 2nd, 3rd or 4th property, as long as you get the exemption once in your life.

  3. Xiao Ling

    Hi, It is so confusing after reading articles from different sources.
    What is the latest RPGT if i wish to sell the condo within 3 year?
    If i apply for the “first time exemption” do i still need to pay any RPGT?
    Thank you.

    • Horlic Lim

      Xiao Ling, I agree with you, the RPGT updates are so confusing for those who are not following the market. I will setup a new page in mainly for the latest RPGT rates in Malaysia so that we have a proper database about it. Thanks for your valueable feedback!

      “5% RPGT would now only imposed on properties sold within 5 years of the date of purchase” –> this is the latest one.

      Once you apply the “first time exemption”, that means no need to pay RPGT.

  4. Xiao Ling

    Thank you for making an effort to update the latest RPGT rate.
    I’m looking forward to your new page.

  5. joe

    I just sold my first 8yrs old house a month ago, and i get exemption from paying tax..
    And we plan to sell the current house as well, but it just 6 mths old(After OC).

    Can i apply for first time exemption on this current house?

    The 5 years count from date of signing S&P or OC?

  6. Lee ls

    How do the 5% RPGT charge?
    Are they based on the selling price or the amount different between buying and the selling of the property?

  7. TS TANG

    If I dispose a piece of land in the 5th year, am I still subjected to RPGT. If subjected to tax, then at what rate? Are expenses incurred (e.g. agent commission, legal expenses) deductable?

    Thank you very much for your kind advice

  8. ranjit kaur

    If in a probet matter, I have just obtained a probet order and if i sell this property will i be charge tax for the sale and how much?

  9. Ealine

    if the property is under bank loan financing which is running a loss business within the four years and sold at the forth year can I deduct the interest of bank loan within this four years?