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 2% RPGT deposit, Anyone know how to get it back?

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BEANCOUNTER
post Jun 22 2015, 11:29 AM

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they usually do direct transfer to your bank acc.
by the time you received your letter, rightfully you should have received your fund already.
BEANCOUNTER
post Jun 22 2015, 11:40 AM

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QUOTE(lrm8888 @ Jun 22 2015, 11:37 AM)
errr...you normally receive a notice 1st no? the calculation of rpgt? it give you few weeks to appeal if you disagree with the calculation...that is what happen to all my properties sold...never once i receive re-fund before letter le...your branch must be super efficient  thumbup.gif  thumbup.gif
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No lah...I was referring to the letter stating that you are cleared of rpgt from inland revenue. when they issued the letter to you, usually refund has been deposited into your account.
BEANCOUNTER
post Jun 22 2015, 11:47 AM

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Laine, its your negligence lioa.
usually lawyer will provide you with a copy of receipt from Inland Revenue when they paid the 2%.....
BEANCOUNTER
post Jul 2 2015, 09:58 AM

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conman legal firm....period.....

think they just deposit your 'refund amount' in their bank and earn interest kau kau......

yes you should report this to the bar council.
BEANCOUNTER
post Jul 2 2015, 11:43 AM

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froom my understanding, if you have signed the waiver or over 5 years withholding period, you dun need to submit the fund, just sign the form and return to inland revenue. Your legal firm usually does this for you.

if you are within 5 years or deemed to have rpgt payable, either your buyers lawyer will remit the sum and pass the receipt back to you/legal firm or your lawyer will have to remit the 2% on your behalf and pass the receipt to you.

there is NO WAY your legal firm will hold the 2% 'in trust' and waiting for response from inland revenue.

 

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