Oct 30 2009, 05:26 PM
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?
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
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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