Real Property Gain Tax Act 1976 (RPGT)

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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

 

Disposal

Citizens & Permanent
Residents

Non Permanent Resident /
Non Citizen

Company

Disposal within two years after the date of acquisition of the chargeable asset

15%

15%

15%

Disposal in the third year

10%

10%

10%

Disposal in the fourth year

10%

10%

10%

Disposal in the fifth year

10%

10%

10%

Disposal in the sixth year or thereafter

0%

0%

0%