Hi guys, how to calculate the latest RGPT??

House bought pre-2010

Not surprised to see people queueing at those property showrooms because the trick these developers use to lure people. Usually they will say something like early bird first 100 units get this and that freebies or special price. Then people come already they will say early bird finish la, promo units finish la and try to convince people to buy at actual price. That’s why people complain when going to these things.

Someone should really make some laws to charge these scammer property gurus.

That's not the right logic. In that case, you might want to consider gambling in Genting an investment.

What you had just described is the definition of speculation. Investment is something where the value (not the price) of what you invested in increases. E.g. you buy shares in company, company performs well, it reflects on your share price. Bricks and mortar themselves not increase in price, because they do not gain value.

The land my boy is an investment.

You must be dreaming if you think shares are not based on speculation. How can you guarantee 100% that the company shares you bought will perform well? It’s still based on speculation. Likewise for property you buy based on the development potential of the area. It’s the same thing, what increases is not the brick and mortar but the value of the location.

Depends on what you build on that land lah. Besides, if this logic pans out, why do apartment prices go up 100% also.

You're partially right, share prices are also based on speculation in the secondary market. Ultimately, analysts will then judge whether they're over/under valued based on the fundamentals.

so long.. i think no matter what also 5% kena as per LGE guidelines havent changed...

now even got free first year installment after VP

Now you are saying it . . . . .properties price do go up . . .

Apparently there is. The property gain is not based on your selling price minus buying price but based on the market value at 2013.
But how the heck to know the market value at 2013?

Does anyone knows? Or is there some new stuffs?


https://loanstreet.com.my/learning-centre/rpgt-in-malaysia

Budget 2020
As per the Budget 2020 announcement, the government had revised the RPGT imposed on the disposal of properties after a five-year period, by individual citizens and permanent residents, by setting the market value on 1 January 2013 as the property acquisition price for properties acquired before the said date, compared to the current base year of 1 January 2000.

This means property owners will have lower tax payment especially to those who bought the property before 1 January 2000.

For a clearer picture, take a look at below scenario as an example:

Jared bought a house in 1990 for RM150,000. In January 2020, he sold it for RM600,000.

Let’s assume that the market price on 1 January 2000 was RM300,000, while the market price for 1 January 2013 was RM480,000. The following is a calculation of RPGT without regard to other costs that are eligible for deduction.

Before Budget 2020:
RM600,000 - RM300,00 = RM300,000
RPGT = RM300,000 x 5% = RM15,000

After Budget 2020:
RM600,000 - RM480,000 = RM120,000
RPGT = RM120,000 x 5% = RM6,000

As you can see, Jared saved RM16,500. That’s a lot!

Price goes up, value stays the same. In other words, you're overpaying, at some point, there will be a correction. Ie still speculation.

And the property gurus will say: your bank valuation will be higher do you want to buy another one?

Other people's money how they want to spend it is up to them, when banks loan more, I buy more bank shares only

After all, managing my portfolio from my computer is much easier than dealing with tenants and agents and lawyers.

totally agree with you! dont forget this in 6 months time

This post has been edited by Syie9^_^: Jun 19 2020, 11:10 AM

Owner bought subsale 520k in 2018.

This post has been edited by icemanfx: Jun 19 2020, 01:08 PM

Went to see that place. Still a bit expensive at 300k+. At least now more reasonable at 200k+ but this is lelong price. 500k is just too much.

That is going to hurt!

500swft studio KL rm200k got?

Bought 520k in June 2018 and auctioned for 236k.

This post has been edited by icemanfx: Jun 25 2020, 09:09 PM