For property bought within 1 year, RPGT is 30% on profit.

Question : if there is no profit made (e.g. S&P price minus all expenses is lower than selling price); is it valid for RPGT=0%?? Agent told me cannot ... must have a minimal profit (if so, what is that min amount) ... otherwise will get into legal problem.

Seeking advise from experts ... if that agent pulling a quick one on me?? If property bought at wrong time, then forever cannot sell.

RPGT - Real Property Gain Tax <- already answer your question...

Sometimes, agent spoke/ shared something without basis...

If there is legal implication, better seek your advise from lawyer

This post has been edited by yiivei: Mar 12 2014, 04:49 PM

Please note that the Tax dept has their own valuation of your prop.... Your valuer may value RM1 mil, Tax dept may value it as RM1.2 mil....

But can't one sell below tax dept valuation value for some reason e.g. urgent need of $???

Why don't u report a lost then claim RPLC (Real Property Loss Claim), claim u sell at loss ask government to compensate 30% to U...lol

What expenses do u mean ? ur selling price base on who valuation ? ur own valuation to escape RPGT. .lol

u can sell.... jus they may think you get paid additional out of S&P price.... everybody trying to avoid paying tax will probably tell the same story isnt it? I dont think Tax dept is a charity house....

This post has been edited by AppreciativeMan: Mar 12 2014, 05:04 PM

Yes, you can. Only thing is you have to go through their scrunity.

Too many undervalue selling/buying will raise red flag too.

Expenses includes property agent commission, property developer administrative charges and lawyers fees ...

RPGT calculate based on your net profit of the amount you earn to tax it.
It's can after deducted lawyer fees, agent commission, only calculate your tax amount.


REAL PROPERTY GAINS TAX FOR 2014 Tax Rates
Personal (citizen & PR) Company
Disposed within 3 years 30% 30%
Disposed in 4th year 20% 20%
Disposed in 5th year 15% 15%
Disposed after 5 years 0% 5%

For non-citizen, disposal within 5 years is subject to a flat RPGT of 30%. Disposal after 5 years, RPGT is at 5%.

If you want to skip for RPGT, the only thing u can do is hold your house until 5 year.

....or no gain mah oso no RPGT. Buy at higher SPA price and pay extra MOT but in the end can "save" some RPGT.

UUU campers will say u bloody liar, now all property price UUU, how come u making loss,

Be a responsible citizen, Just pay the tax lah !

if let said i bought subsale.. 1m one year later.. i sell out.. 1.05m
so i not gain anything.. RPGT 30% 50k ( deducted lawyer fees, agent commission) nothing to gain.. so the RPGT = 0 ??

u shld stay in "4 Critical Signs of a Bubble Market", other thread is simply not suitable for u.... u may cause the thread to move into kopitiam.....

Sometimes it is not about UUU or DDD... Some people might just need the money for emergency hence selling way lower than market value for quick disposal.

So please dont make this an issue of UUU or DDD.

If u claim to have bought a Property and then sold in in less than 1-year (or even within say 5-years) and made no profits, the IRB will look at your case very carefully, in particular:

1) Original Buying and current Selling Price - make sure its genuine and mind you, IRB can arbitrarily set a new selling price based on their own Market Value if they feel that your current selling price is below 'Market Value'

2) Expenses - make sure its only the permitted expenses claimed with proper receipts

3) Identity of the Original Seller and Current Buyer - make sure its not related to you, else, IRB will see it as some sort of scheme to artificially deflate / inflate the selling price

Its possible, actually to sell a property at such a short tenure and make no profit. RPGT is only on profits and who says, u must make profits from property. There are many ppl who make losses due to bad investments. But make sure your deal is above board.

This post has been edited by cfa28: Mar 13 2014, 09:31 AM

last time, each individual is having a right to disposed their property with RPGT exemption once a life time. Is the right still available nowadays?

I thought the one cause 4 CSOBM is the public transport passenger with 2 660K Condo ??
How many dozen of RPGT threads i seen, those admin/staff/mod all keep blind eye, yes lucifah & cherroy i do mean u 2.

How many dozen of DDD threads I seen....... Yrs after yrs..... Till date nothing prove right at all.......

30% is on your sales price, not profit. so if you make no profit, you still have to pay 30% RPGT tax if you buy and sell fast. (rugi)