Comments on: Update on the Malaysia Real Property Gain Tax(RPGT)-Budget 2012 http://blog.intproperties.com/1098/update-on-the-malaysia-real-property-gain-taxrpgt-budget-2012/ Penang Properties Blogs for business and professional communities Fri, 24 May 2013 18:01:28 +0000 http://wordpress.org/?v=2.6 By: Penang Tan http://blog.intproperties.com/1098/update-on-the-malaysia-real-property-gain-taxrpgt-budget-2012/#comment-106409 Penang Tan Tue, 11 Sep 2012 13:33:16 +0000 http://blog.intproperties.com/?p=1098#comment-106409 My dad bought a terrace house 30yrs ago at RM100k. He transfered the property to me as way of gift in June 2011 with valuation value RM400k. I intend to sell it in Sep 2012 for RM500k. Question:- Is this situation subjected to RPGT ? How many % and how to count it. Thanks. Penang Tan My dad bought a terrace house 30yrs ago at RM100k. He transfered the property to me as way of gift in June 2011 with valuation value RM400k. I intend to sell it in Sep 2012 for RM500k.

Question:-

Is this situation subjected to RPGT ? How many % and how to count it.

Thanks.

Penang Tan

]]> By: azzet http://blog.intproperties.com/1098/update-on-the-malaysia-real-property-gain-taxrpgt-budget-2012/#comment-93323 azzet Thu, 10 May 2012 09:42:50 +0000 http://blog.intproperties.com/?p=1098#comment-93323 Sir, I just sold my condo which date in S&P is just 2 months to become 5 years. However I get the consent 9 months later (i'm a bumi sold to non bumi). Which date should I take as selling date and what document should I produce (other than S&P) to prove that the selling date is more than 5 years. Your kind help is very much appreciated. Azzet Sir,

I just sold my condo which date in S&P is just 2 months to become 5 years. However I get the consent 9 months later (i’m a bumi sold to non bumi). Which date should I take as selling date and what document should I produce (other than S&P) to prove that the selling date is more than 5 years.

Your kind help is very much appreciated.

Azzet

]]> By: Too Lim http://blog.intproperties.com/1098/update-on-the-malaysia-real-property-gain-taxrpgt-budget-2012/#comment-87203 Too Lim Sat, 31 Mar 2012 07:53:34 +0000 http://blog.intproperties.com/?p=1098#comment-87203 An excellent article on RPGT otherwise but why not put some real figures in the 'Sample Blue form' above to illustrate fully especially in places when asked for the purchase/sale price etc, you filled in the dates instead which is obviously incorrect. But why? Also with the complicated formula used in the RPGT form of : (((A x B%) - (A x C%))/(A X B)) x A, there is no explaination anywhere. I am British and unfortunate enough to have bought a condo in 2007 and sold it last November with the result that I have to file a RPGT tax return in Malay which I don't fully understand though I understand the calculations used by numerous companies for illustrations. The concept itself is relatively simple and not unlike that of the British one which I have no trouble at all. The places for help are listed but try using the phone to one of these places given you'll soon clock up a fortune and still get nowhere. Hope someone will take some trouble to explain the filing of a Malaysian RPGT form this year. Thanks. Too Lim from the UK An excellent article on RPGT otherwise but why not put some real figures in the ‘Sample Blue form’ above to illustrate fully especially in places when asked for the purchase/sale price etc, you filled in the dates instead which is obviously incorrect. But why? Also with the complicated formula used in the RPGT form of : (((A x B%) - (A x C%))/(A X B)) x A,
there is no explaination anywhere. I am British and unfortunate enough to have bought a condo in 2007 and sold it last November with the result that I have to file a RPGT tax return in Malay which I don’t fully understand though I understand the calculations used by numerous companies for illustrations. The concept itself is relatively simple and not unlike that of the British one which I have no trouble at all. The places for help are listed but try using the phone to one of these places given you’ll soon clock up a fortune and still get nowhere. Hope someone will take some trouble to explain the filing of a Malaysian RPGT form this year. Thanks.

Too Lim from the UK

]]> By: Ayala Land http://blog.intproperties.com/1098/update-on-the-malaysia-real-property-gain-taxrpgt-budget-2012/#comment-64943 Ayala Land Tue, 29 Nov 2011 09:37:17 +0000 http://blog.intproperties.com/?p=1098#comment-64943 thank you for the very detailed description of property gains tax rates. We're looking to invest in malaysia real estate starting 2012 thank you for the very detailed description of property gains tax rates.
We’re looking to invest in malaysia real estate starting 2012

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