Category Archives: Real Property Gain Tax

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REAL PROPERTY GAIN TAX

The Real Property Gain Tax (RPGT) is a tax chargeable on the profit gained from the disposal of a property’s in Malaysia which is payable by  a seller.

For example, A man bought a piece of property in year 2000 at a value of RM500,000. Subsequently, A  man sold the property to A girl at the value of RM700,000 then the RPGT is calculated for RM200,000 profit gaining from the disposal of the property.

Deductible of gain tax after

  • Renovation costs
  • Stamp duty
  • Valuation fees
  • Legal fees, Agent fees

Tax Rate of RPGT for Malaysian & PR (Individual)

  • Disposal within 3 years from purchased     30%
  • Disposal 3 to 4 years from purchased          20%
  • Disposal 4 to 5 years from purchased          15%
  • Disposal after 5 years from purchased         Nil

Tax Rate of RPGT for Malaysian & PR (Company)

  • Disposal within 3 years from purchased     30%
  • Disposal 3 to 4 years from purchased          20%
  • Disposal 4 to 5 years from purchased          15%
  • Disposal after 5 years from purchased          5%

Tax Rate of RPGT for foreigners (individual)

  • Disposal within 5 years from purchased      30%
  • Disposal after 5 years from purchased            5%

Exemptions

  • An individual will be given an exemption equal to Rm 10,000 or 10% of the chargeable gain, whichever is greater.
  • Malaysian citizen and permanent resident will be entitle once in a lifetime exemption on any chargeable gain arising from the disposal of his private residence
  • Transfer and transmission from deceased to beneficiaries
  • Transfer between Spouses, parent and child, grandparent and grantchild
  • Transfer to trustees.