Tuesday, December 29, 2009

AMENDMENT ON REAL PROPERTY GAIN TAX

The Honourable Prime Minister had announced that with effect from 1 January 2010, chargeable gains from the disposal of ALL TYPE OF REAL PROPERTIES including shares in real property companies, which are held more than 5 years, disposed by ALL CATEGORIES OF PROPERTY OWNERS who are individuals (citizens, permanent residents, noncitizens and non-permanent residents of Malaysia), companies as well as other property owners, will be exempted from the Real Property Gains Tax (RPGT) of 5%.

Sources : Ministry of Finance Malaysia

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