Hi guys, Im wondering say you bought a property on 1.1.2010 and sell it on 2.1.2015, is this beyond five years already or still within five years?
2% RPGT deposit, Anyone know how to get it back?
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 Aug 24 2016, 11:52 PM
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Aug 25 2016, 03:38 PM
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#2
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QUOTE(shaniandras2787 @ Aug 25 2016, 09:29 AM) a simply calculation would be obvious:- Yes. It looks obvious mathematically, but once you put it in words its starting to look confusing. Words like "within 5 years" does that mean < than five years or up to five years and 11 month 31 days 😂😂😂.. Also its says zero rpgt on the "sixth year" but does the "sixth year" starts from 5 years 1 day 😂😂😂 or after 5 years 11 months and 31 days 😂😂😂.. And the example they gave on lhdn website also not clear on this 😂😂😂2010 2011 - 1 2012 - 2 2013 - 3 2014 - 4 2015 - 5  |
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Aug 25 2016, 04:51 PM
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QUOTE(Zavia/GenX @ Aug 25 2016, 03:45 PM) My thinking: Im inclined to think like you too..In that sense if you sell by 27 Aug 2021 you would not be subjected to rpgt..and like you too Im not totally sure thats the right interpretation 😂😂😂If we bought it today, tomorrow is start of year 1, day 1. (could be day two, but lets ignore that part) 26 Aug 2017 is start of year 2 day 1. 26 Aug 2018 is start of year 3 day 1. 26 Aug 2019 is start of year 4 day 1. 26 Aug 2020 is start of year 5 day 1. 26 Aug 2021 is start of year 6 day 1. hope that helps. I dont know if im right tho. As I know there is no year zero, so it has to start at year one which includes part thereof. |
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Aug 26 2016, 11:50 AM
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QUOTE(shaniandras2787 @ Aug 26 2016, 09:32 AM) » Click to show Spoiler - click again to hide... « look up the Statutory Interpretation Act on days. The day of event happening is excluded. So, let's say if you bought a property on 1/01/2016 then the first day of ownership will be on 2/01/2016. |
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