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

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abgkik
post Apr 26 2012, 10:30 PM

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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
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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..


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..
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You need to apply for RPGT exemption. It is not automatically exempted. smile.gif


This post has been edited by abgkik: Apr 26 2012, 10:32 PM
abgkik
post Apr 26 2012, 11:22 PM

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QUOTE(Chris Chew @ Apr 26 2012, 11:04 PM)
Within 6 months is possible. But consider lucky and damm fast.

Sometimes up to 1 year. Can't believe here got people claimed back after more than 1 year ....
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My latest transaction of RPGT is fast.. My lawyer did the calculation, I checked, submit the calculation and 2%, within a month LHDN bank in the balance into my bank account..
abgkik
post Apr 26 2012, 11:40 PM

Look at all my stars!!
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Senior Member
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QUOTE(Chris Chew @ Apr 26 2012, 11:29 PM)
Wahhh, that was damm fast ... within a month?

Mind to share when this quick response happened? This year?

flex.gif
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Last year.. January.. I tot LHDN now faster? Even income tax, after declared E-Filing, within a month can get the balance..

 

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