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TOPIC: Real Property Gain Tax

Real Property Gain Tax 1 year, 7 months ago #18506

  • Vinney
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Any one out there to share on this topic?
Would like to know is the current RPGT at 5% applicable to all disposal of properties? New or old property also at 5% right?

Pls advice!
TQ

Re:Real Property Gain Tax 1 year, 7 months ago #18510

hi,

yes, this apply to any disposable effective on 1st Jan 2010, regardless when is the purchase date.
Last Edit: 1 year, 7 months ago by helpdesk.

Re:Real Property Gain Tax 1 year, 7 months ago #18512

  • Vinney
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hi,anthony, thank u!
Any idea or comment to share if the government implement the old system of RPGT? what do u think that will happen to the property market.

Re:Real Property Gain Tax 1 year, 4 months ago #19067

Real Property Gains are gains derived from disposal, sell, convey, assign, transfer, settle or alienate whether by agreement or by force of law which fall under chargeable asset. All chargeable assets must be made during the year of assessment and all particulars must be furnished as requested.
Last Edit: 1 year, 4 months ago by helpdesk.
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