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 [WTA]RPGT tax year starts from when?, [WTA]RPGT tax year starts from when?

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TSprotimer
post Feb 1 2017, 10:05 AM, updated 9y ago

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to all property sifu, please confirm if the rpgt tax year start from the day we sign our snp?

for example, if i sign a property on year 2010, means on 2016 no rptg tax charge for me? please advice. i did my homework by sesrching bout this in google, mostly say from the day you sign snp....but i just wana reconfirm here...thanks...

link --> rpgt tax

example RPGT tax calculation: -

March, 2010 - sign SNP

March, 2011 - 1st year 30%

March, 2012 - 2nd year 30%

March, 2013 - 3rd year 30%

March, 2014 - 4th year 20%

March, 2015 - 5th year 15%

March, 2015 onwards - 0%

Please confirm if this is the correct calculation?
shaniandras2787
post Feb 1 2017, 05:18 PM

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simple maths and chronology of events will give you a clearer picture:-

there are 2 starting points:-

for freehold properties then from the date of your sale and purchase agreement and for leasehold properties, the date of the state consent.

for example:-

date of sale and purchase agreement 15/01/2017 then your date of ownership starts on 15/01/2017.

in order to run from that real property gains tax, you need to dispose of that property on or after 16/01/2022.

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