RPGT for property disposed >1year, Can it be 0% if no profit made???
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 Mar 12 2014, 04:59 PM
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#1
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Senior Member
3,274 posts Joined: May 2013  
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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 |
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Mar 12 2014, 06:29 PM
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#2
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Senior Member
3,274 posts Joined: May 2013
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QUOTE(Dino168 @ Mar 12 2014, 05:27 PM) Expenses includes property agent commission, property developer administrative charges and lawyers fees ... 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 !  |
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Mar 13 2014, 05:42 PM
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#3
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Senior Member
3,274 posts Joined: May 2013
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QUOTE(AppreciativeMan @ Mar 12 2014, 11:13 PM) 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..... I thought the one cause 4 CSOBM is the public transport passenger with 2 660K Condo ??   QUOTE(edyek @ Mar 13 2014, 09:18 AM) 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. How many dozen of RPGT threads i seen, those admin/staff/mod all keep blind eye, yes lucifah & cherroy i do mean u 2. So please dont make this an issue of UUU or DDD.   |
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Mar 14 2014, 10:43 AM
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#4
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Senior Member
3,274 posts Joined: May 2013
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QUOTE(Chaud @ Mar 14 2014, 10:09 AM) 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) 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" .. |
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Mar 14 2014, 10:49 AM
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#5
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3,274 posts Joined: May 2013
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QUOTE(PACINO @ Mar 14 2014, 10:38 AM) Property will always go up , due to land is scarce as a commodity. You cannot create land out of thin air. 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. 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. Only first house buyer would be desperate, the rest of us can wait for dead chicken. .Muahahahha |
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