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Real Property Gain Tax Act 1976 (RPGT) |
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UPDATE: Effective 1st April, the RPGT (Real Property Gains Tax) has been exempted.
It is a TAX to be charged in respect of chargeable gain accruing on the disposal of any real property fall under this Act.
RPGT = Disposal Price – Acquisition Price
Acquisition Price
Purchase Consideration
- (a) Fees, Commission, cost of professional services
- (b) Cost of Transfer (Stamp Duty)
- (c) Cost of advertising (looking for Seller)
- (d) Compensation for damage
- (e) Receipt of Insurance policy for damages
- (f) Deposits forfeited
Disposal Price
Dispose Consideration
- (a) All expenses in enhancing / preserving extension
- (b) All expenses incurred after acquiring the asset in respect
- (c) All incidental expenses relating to disposal (legal fee)
- (d) Advertising cost (looking for buyer)
Relief: Less 10% or RM5000.00 which ever is higher for Individual
DISPOSED BY INDIVIDUAL
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Category of Disposal |
Rate of Tax |
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Within 2 years after the date of acquisition |
30% |
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3rd year after the date of acquisition |
20% |
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4th year after the date of acquisition |
15% |
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5th year after the date of acquisition |
5% |
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6th year after the date of acquisition |
Nil |
DISPOSED BY COMPANY
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Category of Disposal |
Rate of Tax |
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Within 2 years after the date of acquisition |
30% |
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3rd year after the date of acquisition |
20% |
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4th year after the date of acquisition |
15% |
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5th year after the date of acquisition |
5% |
DISPOSED BY FOREIGNER (Not A Citizen/Permanent Resident)
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Category of Disposal |
Rate of Tax |
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Disposal within 5 years after the date of acquisition |
30% |
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Disposal in the 6th year after the date of acquisition |
5% |
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