Since 2010, the Global Law Experts annual awards have been celebrating excellence, innovation and performance across the legal communities from around the world.
posted 10 months ago
Real Property Gains Tax (“RPGT”) is administered by Inland Revenue Board of Malaysia (“IRBM”) under the Real Property Gains Tax Act 1976 (“RPGTA 1976”). It is a property related tax that is chargeable on the gains arising of profit gained from disposal of a real estate property.
There is a chargeable gain if the disposal price exceeds the acquisition price. To avoid confusion, this simply means when the resale price is higher than the purchase price.
However, it shall be noted that the Malaysia government provides a tax relief in which the disposal price is deemed equal to acquisition price, or that when an individual suffers a loss from the property sold.
Apart from Malaysian citizens, RPGT applies to foreigners and companies whenever they realise a profit gain from the disposal.
Click to read more: https://hhq.com.my/wp-content/uploads/2023/10/Empower-October-2023-Newsletter.pdf
About the Author
Chai Hui Wen
Associate
Real Estate
Halim Hong & Quek
[email protected]
posted 2 days ago
posted 2 days ago
posted 3 days ago
posted 4 days ago
posted 4 days ago
posted 4 days ago
posted 4 days ago
No results available
ResetFind the right Legal Expert for your business
Sign up for the latest legal briefings and news within Global Law Experts’ community, as well as a whole host of features, editorial and conference updates direct to your email inbox.
Naturally you can unsubscribe at any time.
Global Law Experts is dedicated to providing exceptional legal services to clients around the world. With a vast network of highly skilled and experienced lawyers, we are committed to delivering innovative and tailored solutions to meet the diverse needs of our clients in various jurisdictions.