Tax updates: Real Property Gain Tax ("RPGT")

Realy Property Gain Tax ("RPGT") is a tax imposed on gains arising from disposal/ sale of real property or shares in Real Property Companies ("RPC").  RPGT rates for disposal from 1 January 2019 are as follows:

Date of disposal	Company	Citizen/ Permanent resident	Non-citizen/ Non-Permanent resident
​Disposal within 3 years after date of acquisition	30%	30%	30%
Disposal in the 4th year after date of acquisition	20%	20%	30%
Disposal in the 5th year after date of acquisition	15%	15%	30%
Disposal in the 6th year after date of acquisition	10%	5%	10%

Both the disposer and the acquirer are required to complete and file RPGT returns within 60 days from the date of disposal to Malaysian Inland Revenue Board ("MIRB").

If you need further clarification, please contact us.

 
Source:

• http://www.hasil.gov.my/bt_goindex.php?bt_kump=5&bt_skum=5&bt_posi=6&bt_unit=1&bt_sequ=1
• Singh, H. (2017). 2018 Budget Commentary and Tax Information
• Photo credits to http://www.malacca.ws/malacca-top-10s/top10-malacca-city-attractions.htm
  

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