Sep 11 2017, 10:54 PM
QUOTE(seanooi880327 @ Feb 2 2017, 03:06 PM)
I facing situation like these:
Me and my partner bought a property from developer at 398k In 2013.
The property is VPed now and I decided to take out my name from SNP and Loan at 398k from SNP price. Means selling my 50% share to my partner in this case
According to lawyer, LHDN still will charge RPGT to me because the market value is higher now despite I did not make any profit and selling at SNP price.
Is that happen ?
Before you pay.. make sure you kira baik baik then only file for paymentMe and my partner bought a property from developer at 398k In 2013.
The property is VPed now and I decided to take out my name from SNP and Loan at 398k from SNP price. Means selling my 50% share to my partner in this case
According to lawyer, LHDN still will charge RPGT to me because the market value is higher now despite I did not make any profit and selling at SNP price.
Is that happen ?
Total net disposal price - total acquosition cost = chargeable gain
Chargeable gain is allowable for a rm 10k relieve,or 10% of chargeable gain...
So you can say chargeable gain - (10k or 10% of gain, whichever higher) = taxable gain
Taxable gain × rpgt rate = rpgt payable..
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