"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."

Source:
http://biz.thestar.com.my/news/story.asp?f...84&sec=business

So no matter when you sell your property, you would still get taxed, even if you sell your 30 year old house.

This post has been edited by ahming: Oct 24 2009, 09:40 AM