Guidelines On Real Property Gains Tax (RPGT) In Malaysia

What is RPGT?
Real Property Gains Tax also known as RPGT, is a form of Capital Gains Tax that is chargeable on the profit gained from the disposal of real property in Malaysia.

In simple words, RPGT is basically the tax on chargeable gains derived from the sale of your land or a property. While a chargeable gain is the profit that you make for selling a property at a higher price than purchase price.

For instance, you bought a property in 2006 at RM 500k. Few years later, you sold the property to others at RM 700k, so, you gaining a RM 200k profit from selling the property. Then you will be taxed of your RM 200k profit.

To read the full article, please visit Guidelines On Real Property Gains Tax (RPGT) In Malaysia

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