Rpgt Malaysia 2017 Calculator
Rpgt rm 250 000 x rpgt rate the rpgt rate that applies depends on a number of factors which i ll elaborate on below.
Rpgt malaysia 2017 calculator. There are some exemptions allowed for rpgt. Malaysian rpgt calculator for people looking to sell their home or property. Find out how much you will be taxed when you sell your property in malaysia using our online rpgt calculator a k a.
Tax compliance 101 malaysia sme 29 january 2018 malaysia s robust online tax platform keeps getting better the malaysian reserve 26 january 2018 2017. Private residence exemption for real property gains tax rpgt so should larry pay rm 15 615 in rpgt in malaysia after disposing of his property. Tax payable net chargeble gain x rpgt rate based on holding period rm171 000 x 5 rm8 550.
Assuming we sell a property for rm2 000 000 today the 5 rpgt means. Real property gains tax rpgt calculator real property gains tax rpgt is a tax chargeable on the profit gained from the disposal of real property in malaysia. In the announcement of budget 2014 every property owners have to pay rpgt at a 30 for properties sold within 3 years or less 20 for properties disposed within 4 years and 15 for properties disposed in 5 years.
In simpler terms if you own a house and plan to sell it one day you will have to pay tax to the government for the gains a k a profits you re going to receive. For example if a person bought a condominium at rm350 000 in 2004 and sold it for rm500 000 in 2007 the net profit gain from the disposal of the condominium would be subjected to rpgt. Real property gains tax rpgt payable.
Many are worried that they will be taxed lots of money when they sell their property in the near future. The rpgt would then be calculated by taking the chargeable gain and multiplying it by the rpgt rate. Larry s net final chargeable gain x applicable rate of real property gains tax rpgt rm 312 300 x 5 rm 15 615 6.
A real property gains tax rpgt is the imposition of tax on your profits from selling a property. Real property gains tax rpgt is charged on gains arising from the disposal sale of real properties of shares in real property companies. Rpgt rates in 2016 and 2017.