RGPT = Real Property Gains Tax
Please be sure of your knowledge before sharing.....

Property will always go up , due to land is scarce as a commodity. You cannot create land out of thin air.

price may stagnate a little, and you might get some bargain all the time from people wanting a quick fire sale.

If Malaysians have holding power , how long do you think we can hold off our purchase of home ? Seems to me Malaysians in general have holding power , as we all still have jobs and no mid level heavy retrenchment and jobless.

Speculators are currently holding on their property , hoping that they can outlast the slowing down of property purchasers demand. They are tightening their belts , spending less in the retail markets and paying off their investment dues.

So let's see how long they can continue to scale down their lifestyle , or would they be victorious as buyers cannot wait to own their first home without sacrificing their lifestyle by living further away.

Waa very smart explanation lol...

So u mean if u bought a property for 1 M later sell at 1.2 M but need to pay 360K RPGT, which mean U actually loss 160K ? correct ?

Real Property "GAIN" Tax not Real Property "SALES" Tax, understand ? Tax from the "Gain" not from "Sales" ..

oh...I misinterpreted

means buy at 1m sell at 1.2m have to pay 30% of the 200k?

This post has been edited by Chaud: Mar 14 2014, 10:47 AM

The longer the flipper hold the higher their cost, when their spending getting less economy will get worse, soon economy will be having contraction, people start getting pay cut or retrenchment, the first thing they do is fire sales their extra property, if not they might even loss their own staying house.
Only first house buyer would be desperate, the rest of us can wait for dead chicken. .Muahahahha

government can reclaim lands... tell you only if they can hold longer than 10 years they survive the wave, holding below 10 years especially 5 years and below, see how they burn their hands in this market..

every market so silence di, no worries, they can hold osos no use, new developments coming, their credit locked in old properties one so competition lesser, with current market flippers sure be very careful couple with developers maximum profit means entry price high, this will make them shy away..

sure got ppl firesales one, many actually plan only to sell off upon VP, those times are still here, but the price quoted beats potential buyers...

yes only from gain, but need to include loan penalties, legal fees (sales & purchase & loan), stamp duties (loan & s&p).. when you bought from developer, and then another round of S& P legal fees when you sell...

and also, minus your initial deposit paied say 500k (50K), and any loan that you have service , say you pay 2.2 k monthly, you paid 10 months, that is 22k..

PROVIDED YOU CAN SELL, minus everything you get the nett, then divide by minimum 3 years or 2 years completions dates for new prop landed and high rise..

other than this it rugi kes... every month bleed 2.2k , sumore insurance fire, quit rent and assessment, and havent include MLTA and MRTA another extra RM200 per month, if flipping they wont bother..

all above this, you as an owner will then buy from them the inflated price, your burden will double of them.. good luck choose wisely, if deal is really good grab it..

first hurdle is the bank valuation anyting less tha 80% not worth it at all even 90% also need to kfully see the surroundings..

my 2 cents

but i thought all these legal fees borne by the buyer?

no... as a vendor, these is also legal fees to be bourne. dun believe try selling one..

If i juz bought a subsale unit which only 1 year and sell it still under 30%??
Thanks

Boss, whats tripping you?
The post by @joicechow which you quoted clearly explained its 30%.

Cheers

RPGT has nothing to do with property valuer. Is the taxable amount from nett gain. And nett gain is the amount u sell ( stated in snp) minus amount u buy (also stated in your old snp) and minus all the expenses incurred (such as leal fees, agent fees and renovation to the said property)

Please dont provide misleading information

That is right.. there are ppl who are desperately in need or emergency for money..

btw TS, is it a joint loan and joint ownership? If it is joint ownership.. edyek might come handy..

Ya lor dude must be meaning the adjidication of MOT.. if I m the one committing dat error.. ppl will spam me kao kao..

this is the 2nd incident di.. blatant errors in concept..

Wah...everyone is here...still can see uuu ddd here....

Wei hor. Boss BBW.. Why you always bring up this joint ownership issue?

I provide comments when I like lor. No need you to lick my shoe lor...

Excuse me..... U better speak to your lawyer before saying I'm feeding misleading information.....
If u transact your selling way below market price and declare without profits, TAX dept may impose their own market price as calculation......
Go ask first.....

Smart dude ... your world class work is framed here..I wonder now....tapao me balik pulak..

This post has been edited by bearbearwong: Apr 4 2014, 09:16 PM

So wat is the problem with the statement?
Obviously u don't even understand wat I'm referring......

This post has been edited by AppreciativeMan: Apr 4 2014, 09:27 PM

You dare accussed me dunno diffetentiate when I fact It was you.. linking valuer with RPGT which was correctly pointed out by gunh.. remembrr