rpgt malaysia

Sale And Purchase Transaction in Malaysia – Part 6/6

Issue of Tax Payable, i.e. Real Property Gains Tax (RPGT) “Real Property Gains Tax (RPGT) shall be charged on every ringgit of the total amount of chargeable gains accruing to a chargeable person in a year of assessment in respect of each category of disposal of chargeable assets…” (Excerpt from Section 3 of the Real [...]

Budget 2012 Malaysia – RPGT (Real Property Gains Tax) 10% for First Two Years

In Budget 2012 Malaysia, a new structure of RPGT (real property gains tax) was introduced as following: 1st Year = 10% 2nd Year = 10% 3rd Year = 5% 4th Year = 5% 5th Year = 5% 6th Year = 0% Compare to Budget 2011, the RPGT was fixed at 5% flat rate on the [...]

Real Property Gains Tax – RPGT 2010 Latest Updates on 23/12/09

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 [...]

Impact of 5% RPGT on Property Investment in Malaysia

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 [...]

What is the Property Tax Rate in Malaysia?

How is property tax determined for foreigner buying property in Malaysia? Surprisingly, both foreigner and local will be imposed the same property tax rate effective from 1 Jan 2010 as according to the announcement of latest Budget 2010 Malaysia by government. Real Property Gains Tax (RPGT) at a fixed rate of 5% will be imposed [...]