Untill now, i know that the minister of finance say that all RPGT will be tax @5%,

But the Inland Revenue Department say different thing.. disposed within 1-2yrs @30%, 3 yrs @ 20% 4yrs @15% and 5yrs and above @ 5% and the calculation of the tax is using a FORMULA (whereby your gain on the disposal of property is NOT directly multiply by the tax rate)

This really boleh land....... what also can happen...This 2 deparments are going to announce the final conclusion within this few days.. lol

The acquirer of the property (ie the buyer) they need to submit the IRD CKHT 2 forms TOGETHER WITH 2% OF THE PURCHASE PRICE OF THE PROPERTIES TO THE IRD within 60 days. (that means you only pay 98% of the purchase price to the seller) If not the IRD will come and look for you if the seller is subject to RPGT. Take note of this rule.....

For the seller, they need to submit the IRD CKHT 1 forms within 60days and they need to calculate the RPGT. You can claim for refund or pay the balance of tax due if the 2% that had been retained to the IRD by the buyer is greater or (lesser) than the actual tax amount.

By the way as a INDIVIDUAL you will get a relief of RM10,000 or 10% of the chargeable gain, whichever is greater, to less out your chargeable gain and calculate the tax.

Every INDIVIDUAL will also have a ONCE IN A LIFETIME EXEMPTION when you dispose any ONE of your properties. (That menas no need to paid any RPGT for the property). So think TWICE before you elect for this ONCE IN A LIFETIME EXEMPTION.

Hope the informations will help you when you decide to sell off your property 

Once a woman marries, she will lose her once in a lifetime exemption if she hasn't used it before she marries. Therefore, the second property is subjected to tax.