QUOTE(Lcsx @ Nov 24 2011, 05:22 PM)
Hi guys,
If we sell a house within 5 years we gotta deposit 2% of the purchase price for the RPGT. And supposedly they will rebate you back after deducting the 5% RPGT on profit minus cost.
Does anyone know how to get back the rebateable amount or has gotten it back?
Cheers
Just wait.. Your lawyer should has calculated the RPGT for you.. The 2% is with LHDN.. LHDN will bank in to you the balance within a month after received your deposit..If we sell a house within 5 years we gotta deposit 2% of the purchase price for the RPGT. And supposedly they will rebate you back after deducting the 5% RPGT on profit minus cost.
Does anyone know how to get back the rebateable amount or has gotten it back?
Cheers
Added on April 26, 2012, 10:32 pm
QUOTE(optimus28 @ Apr 26 2012, 03:33 PM)
Hey guys, i'm having a bit of a difficultly here. When I sold my property, my S&P lawyer has paid the 2% RGPT to LHDN. However, they are saying they got nothing to do with claiming the refund back. It is between myself and LHDN which leaves me in the dark.
Can anyone explain how do I go about claiming back this money. This is my first property, so I should be entitled for the one time RPGT exemption right?
Thanks in advanced..
You need to apply for RPGT exemption. It is not automatically exempted. Can anyone explain how do I go about claiming back this money. This is my first property, so I should be entitled for the one time RPGT exemption right?
Thanks in advanced..
This post has been edited by abgkik: Apr 26 2012, 10:32 PM
Apr 26 2012, 10:30 PM

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