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 [...]
New fixed rate of 5% Real Property Gain Tax (RPGT) has been proposed in Budget 2010 presentation recently. It will be implemented start from 1st January 2010. So, what are the impacts of 5% RPGT on property investment in Malaysia? For Home Buyer who, Scenario 1: Buying New House from developer If buying for own [...]