Budget 2014 RPGT Increased to 30% to Curb Short Term Speculation

Budget 2014 RPGT (Real Property Gain Tax)

During the tabling of the Budget 2014 on 25th Oct 2013, Prime Minister Datuk Seri Najib Abdul Razak announced on the revision of the real property gain tax (RPGT). For gains on properties disposed within the holding period for the first three years, the RPGT rate is increased to 30% to individual and companies as well. For property … [Read more...]

Budget 2013 – RPGT Raised By 5%

Malaysia Real Property Gain Tax Table 2013

In a bid to curb speculation in the real property market, following the recent Budget 2013, the government proposed the real property gain tax (RPGT) be increased to 15% from the current 10% on all properties sold before two years from the date of purchase and to 10% from 5% for properties sold between the third and fifth year. The new rates are … [Read more...]

Malaysia Real Property Gain Tax Increase to 10% in 2012

double storey bungalow

Today our Prime Minister tabled the Malaysia Budget 2012 and announced from 1st Jan 2012 the Real Property Gain Tax will be increased to 10% for any property disposed within two years from the date of acquisition. For properties held and disposed within a period exceeding two year but not more than five years, the property tax remains as 5%, while … [Read more...]