budget 2010 return of real property gain tax ?, 5% property gain tax from jan 2010
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 Oct 24 2009, 08:46 AM
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#1
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Senior Member
7,480 posts Joined: Jun 2005 From: Moscow 21.05.2008  
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Previously after 6 years no tax but now also tax 5%.
QUOTE Based on the Finance Bill, disposal within two years of acquisition will be taxed 30%; in the third year, it will be 20%; in the fourth year 15%, while disposal within five years and beyond will still be subject to 5% tax. |
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Oct 25 2009, 11:36 AM
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#2
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Senior Member
7,480 posts Joined: Jun 2005 From: Moscow 21.05.2008
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QUOTE(CyberKewl @ Oct 25 2009, 10:03 AM) but i thought if you were a first time seller u would be exempted from the 5% rite? so if the person selling to u is first time seller no worries, if seasoned seller then may kena 5% increase from initial price of sale Yup, that is what I read. Lucky for me   |
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