Header Image from BNM Real Property Gains Tax, or RPGT, is a form of tax imposed on the disposal of properties and the rate differs according to the number of years the owner has held on to the property. Stamp duty, on the other hand, is another tax payable upon purchase of a property. Governments […]
November 2, 2018 It would make more sense for the government to increase the Real Property Gains Tax (RPGT) rates within the first five years instead of imposing a 5% tax rate for Malaysian individuals after the fifth year, said the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector […]
November 2, 2018 The government’s move to increase the Real Property Gains Tax (RPGT) rate might send the wrong signal to the market, which is already “very soft” at the moment, and discourage foreign investments in the country, according to CBRE|WTW managing director Foo Gee Jen. In Budget 2019, the government has proposed that […]
October 21, 2018 The government should not implement new taxes on the real estate industry, especially counter-productive ones such as a vacancy tax, said the immediate past president of the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) Foo Gee Jen. Foo hoped that in the […]
August 14, 2018 The Sales and Services Tax (SST) which will take effect next month will not be applied to building materials – namely bricks, cement and sand – and construction services, a move that Finance Minister Lim Guan Eng said will hopefully address property affordability issues hindering home ownership in Malaysia. However, not everyone agrees […]
