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The HBA also called for the sliding scale Real Property Gains Tax (RPGT) rate to be reintroduced which would entail a one-time RPGT exemption after which the next two properties should be taxed starting at 30 per cent for properties disposed of within two years and a reduction to zero per cent for properties disposed of after five years.
For third and subsequent properties, HBA is proposing that a 30 per cent flat rate RPGT would apply.
Yam said however the RPGT has “not been proven to be effective in curbing prices” and that speculators will find a way of circumventing it.
http://www.themalaysianinsider.com/malaysi...velopers-group/For third and subsequent properties, HBA is proposing that a 30 per cent flat rate RPGT would apply.
Yam said however the RPGT has “not been proven to be effective in curbing prices” and that speculators will find a way of circumventing it.
30% flat rate for 3rd and above ~ omg ~ if this one implement then gud loh.. but then he say.. its proven not effective in curbing price :'(
habish liao to new grads..
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Yam said Rehda statistics show that there was “minimal” participation in the housing market by foreigners.
hmm.. tat means most gorengers is malaysian This post has been edited by CKHong: May 9 2011, 02:12 PM
May 9 2011, 01:37 PM
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