May 17 2015, 05:15 PM
QUOTE(cherroy @ Oct 30 2009, 05:33 PM)
Any disposal gain from asset, is part of capital gain, not income.
Capital gain is tax exempted in Malaysia, except RPGT being introduced back.
You don't want any gain to be classified as income at all.
Appreciate if you are able to advise on the situation below regarding what kind of tax involved here and how will it be calculated ?Capital gain is tax exempted in Malaysia, except RPGT being introduced back.
You don't want any gain to be classified as income at all.
Originally an agricultural land inherit from oldman then later converted to commercial land to build a showroom/office building on it.
Now looking to sell the completed showroom/office building.
What sorts of tax are we looking at ? (assuming the value around RM4m mark)
Thanks!
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