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 budget 2010 return of real property gain tax ?, 5% property gain tax from jan 2010

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sam0919
post Oct 23 2009, 09:36 PM

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QUOTE(Lawyer1 @ Oct 23 2009, 08:46 PM)
The usual way : your selling price minus the earlier buy price that you paid for the house/property. Thus, ensure you keep all your documents carefully.
*
year 2004 bought @ RM 250k
year 2009 sold it @ RM 350k
Gain = RM 100k
Tax 5% x 100k = 5k ? shocking.gif shocking.gif

 

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