Oct 27 2009, 12:37 PM
QUOTE(aaronpang @ Oct 27 2009, 10:38 AM)
The whole curb property speculation justification is pure rubbish, the government is seeking to boost its revenue.
The 5% RPGT will be passed to home buyers since it applies across the board including the middle and lower income groups; it just means affording their homes becomes tougher.
Ultimately the governments aim is to line their pockets with money.
Added on October 27, 2009, 10:48 amWhy the government needs the extra moolah from your pockets?
Sauce
Government losses can reach RM28bil a year – or more due to overpayment
Afterall Acer laptops are not cheap, MARA paid RM84,640 for two Acer Aspire 5052 laptops.
I do think thats this will be the case, It ain't difficult for seller to jack up the price by 5 %. But it'll make a hell of difference to first time buyer. Wonder why Gov not wait till the economy getting more stable.The 5% RPGT will be passed to home buyers since it applies across the board including the middle and lower income groups; it just means affording their homes becomes tougher.
Ultimately the governments aim is to line their pockets with money.
Added on October 27, 2009, 10:48 amWhy the government needs the extra moolah from your pockets?
Sauce
Government losses can reach RM28bil a year – or more due to overpayment
Afterall Acer laptops are not cheap, MARA paid RM84,640 for two Acer Aspire 5052 laptops.
BTW never knew the Acer laptops cos so much
& its not latest specs to boot 
Added on October 27, 2009, 12:40 pm
QUOTE(nothingz @ Oct 27 2009, 11:02 AM)
RPGT Act states that each individual is entitled to the exemption of RPGT once in a life time.
However, if the said property has 7 owners. If only 2 of them want to apply for the exemption, is it possible?
to add to your question, is it possible to opt out of exemption? I mean is it possible to hold the exemption?However, if the said property has 7 owners. If only 2 of them want to apply for the exemption, is it possible?
& also I'd like to ask that if there's 2 name in a property so does it mean that if both will not entitle for another exemption in future, in case they opt for it now?
This post has been edited by vreis: Oct 27 2009, 12:40 PM
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