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...]