How do they(Blood sucking gov) calculate the percent?? Becoz the house renovation is taken almost 100% from my selling price? Only 5k profit.
5k X 30% = RM600??
Please advise. Thanks
Financial Sell House, Is there Income Tax 30% once sold??
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  Oct 30 2009, 05:06 PM, updated 17y ago
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Junior Member
7 posts Joined: Jan 2008 
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I going to sell my house recently. But i heard there is an income tax of 30% from the profit i make from the house?
How do they(Blood sucking gov) calculate the percent?? Becoz the house renovation is taken almost 100% from my selling price? Only 5k profit. 5k X 30% = RM600?? Please advise. Thanks |
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Oct 30 2009, 05:26 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang 
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QUOTE(SD Cruz @ Oct 30 2009, 05:06 PM) I going to sell my house recently. But i heard there is an income tax of 30% from the profit i make from the house? Answer is no. How do they(Blood sucking gov) calculate the percent?? Becoz the house renovation is taken almost 100% from my selling price? Only 5k profit. 5k X 30% = RM600?? Please advise. Thanks  There is no RPGT until end of 2009. Even next year, RPGT is only 5%. Cost is inclusive interest, renovation cost etc. For RPGT discussion please proceed to here. http://forum.lowyat.net/topic/1210865 Thanks. This post has been edited by cherroy: Oct 30 2009, 05:27 PM |
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