Hi all, my unit has been left vacant for almost 2 years and I am working overseas. As such , I need to sell as I cannot support the mortgage anymore. Anyone know how much stamp duty and legal fee I need to pay ? Also my holding period is less than 5 years and I read that I need to pay real estate sales tax , anyone knows how this is being calculated ? Though the selling price is likely higher than the price I paid but after accounting for mortgage and expenses (renovation, management fee, commission etc), I am actually making a loss, so do I still need to pay real estate sales tax ? If so, how do I compute it ?

Stamp duty and Legal fees are based on your selling price.

1st disposal can request for exemption for RPGT.

Some expenses can be used to offset the RPGT calculations.

Quite hard to answer when informations provided are rather, limited.

legal fee is based on your selling price

u wouldn't need to pay stamp duty, it's paid by the new buyer, which is also based on your selling price.

your real estate tax is based on NETT PROFIT (you can deduct certain items such as legal fees incurred in buying/selling the house, agency fees, renovation fees etc).

u cannot deduct management fee or bank interest from ur real estate tax.

if after deduct, you're making a loss then u no need to pay anything.

if got nett profit then:-

below 3 years - 30% of nett profit
4th year - 20% of nett profit
5th year - 15% of nett profit
>5 years (provided you're a malaysian individual) - no real estate tax.