real property gains tax
Individuals who dispose of their properties in the sixth year onwards will no longer be charged the 5% RPGT too, beginning 1 January 2022.
There are distinct differences between commercial-titled properties and residential-titled properties. This includes their purposes, legal protection, taxes, and utility fees.
You will probably jump for joy if you managed to sell your home at a hefty profit. However, you could also end up paying a huge sum to the government in Real Property Gains Tax (RPGT). Find out how to reduce the tax rate on your property capital gain, the available RPGT exemptions and how to calculate and pay your RPGT.
Samuel Tan dish out his thoughts on the property incentives drawn up under the recently tabled Budget 2022 and shares several recommendations on matters relating to the RPGT, HOC 2021 and affordable housing schemes in Malaysia.
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