May 8 2010, 09:45 PM
QUOTE(abyss8 @ Nov 6 2009, 11:36 AM)
RPGT impose for those who gain profit from selling their property. BUT, if you are selling at loss????
Scenario:
1. A landed property value at RM 1Mil.
2. Selling RM1Mil
3. The owner agree to mark-up S&P price to RM1.1Mil
4. Your purchase is successful
5. After 1 year you sell RM1.1Mil
6. No profit from the selling of property.
7. GOV NO PROFIT TO TAX!!!!!!!!!
You can see that the profit was a little after deduct the interest and every cost you paid from the process, but it still worth it. Profit sometimes can be determine by you.
If the gov still wanna tax you when you are in the above scenario, ask them go $%^@$%@$^
p/s: All the above are just my "imagination", try it or not? it's up to you.
question on step 3, if owner agrees to mark-up S&P price, then the owner would need to pay tax upon his sale (assuming there is no exemption for him), why would he want to do that?Scenario:
1. A landed property value at RM 1Mil.
2. Selling RM1Mil
3. The owner agree to mark-up S&P price to RM1.1Mil
4. Your purchase is successful
5. After 1 year you sell RM1.1Mil
6. No profit from the selling of property.
7. GOV NO PROFIT TO TAX!!!!!!!!!
You can see that the profit was a little after deduct the interest and every cost you paid from the process, but it still worth it. Profit sometimes can be determine by you.
If the gov still wanna tax you when you are in the above scenario, ask them go $%^@$%@$^
p/s: All the above are just my "imagination", try it or not? it's up to you.
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