I maybe wrong, but I think,,,,,
During BE tax declaration n submission online, there is a field where one need to declare if there had been rpgt done for that tax year... And
When one sold the property, the lawyer will do the tax reporting to lhdn n if no tax on the selling, you will get a declaration from lhdn informing so.
for according to this article,...
If you sell your house with a loss you don’t have to pay any RPGT because you didn’t make any profit. If you made a profit you need to make sure you
pay the RPGT within 60 days of the sale.
You can pay the RPGT by paying a fee for the solicitors of the sale. Paying yourself is also possible if you prefer that instead of dealing with a lawyer you can fill in the necessary forms for the Inland Revenue Board.
https://loanstreet.com.my/learning-centre/r...Revenue%20Board.
TaxPlanning: RPGT exemption
In a nutshell, a citizen of Malaysia is exempt from RPGT in respect of gains on the disposal of up to three residential properties from June 1, 2020, to Dec 31, 2021.
Who qualifies?
.......read more
https://www.theedgemarkets.com/article/taxp...%2031%2C%202021.
also, The residential property disposed of MUST NOT be one which is acquired from June 1, 2020, to Dec 31, 2021:
Thanks for the details.
Ya, Im qualified for RPGT the exemption, so meaning to say it's not taxable as income tax right ?
Declaration from lhdn informing that I'm exempted from RPGT in the form of official letter ? I will it from the lawyer or direct from lhdn ?