Current place I'm staying is close to 5 yrs thus no RPGT if I let go. Am I still entitle for the exemption if I sold my second prop which is below 5 yrs?

Yes I understand, my question is, can I use this exemption on my second unit(below 5 yrs) since my first unit already 5 yrs (no RPTG)

Frankly I just got to know this "RPTG tax exemption once in lifetime" not too long ago....me newbie...lol. Am surprise quite a number of my friends don't know the existence of this entitlement.

This post has been edited by Xccess: Oct 19 2013, 01:57 PM

Yes, for first time seller. Only once in a lifetime. You can google it.

Ok got it. Thanks.

I was thinking this application only apply on the first transaction be it within RPTG period or not. Rest of the bro already gave me the answer. Thanks!

Thanks for the enlightenment guys. Will use this "exemption" wisely. Noted that it is only applicable to Residential only.

Kudos for the advice given.

Appreciate the info given.

Just sharing some info I have gotten from website.


Example of Malaysia Property Gain Tax for foreigners and Malaysians:

In March 2009 – you brought a condominium at MYR 580,000
In January 2013 – you sold at MYR 670,000
After 3 years, your gain will be MYR 90,000

You can deduct these expenses paid for the property:

Legal fees and stamp duty during purchase – MYR 12,760
Loan legal fees and stamp duty during purchase – MYR 11,800
Agency fee paid to dispose your property – MYR 11,500
Renovation costs paid – MYR 10,000
Legal fee paid during selling – MYR 1,500
Total expenses paid – MYR 47,560

Net gains on the property : MYR 42,400
Tax rate to pay will be MYR 42,400 x 10% = MYR 4,240
In actual fact, you only pay approximate 5% tax rate, not 10%.
There is no difference in Malaysia Property Gain Tax Rate for a foreign-owned property title name under individuals or companies.Malaysia Property Gain Tax for Foreigners

No idea, have to dig deeper. I'm still finding more information about it. Let you know if anything comes up.

Thanks for adding in what I missed out. Much appreciated.

Should be SPA if I remembered correctly.