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Concern - Mark up selling price in S&P
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hanhanhan
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Apr 5 2018, 10:54 AM
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» Click to show Spoiler - click again to hide... « QUOTE(Adrian1981 @ Mar 28 2018, 11:28 PM) Hi all, I bought a house for 300k 7 years ago, and i got a prospect offering me 600k with one condition - he's asking if it's okay for him to mark up the price in the S&P... What do you guys think ? Is there anything I should be aware of ? 1) As i understand, i dont have to pay for the RPGT as the property is over 5 years .. 2) Do i need to file the income tax for the profit i made ? Any other things that I missed ? as long as owner is malaysian citizen, then no RPGT payable for property owned more than 5 years. no need to file income tax for profit. if u appoint a lawyer, ur lawyer will charge u based on SPA price (marked up price). u can ask him to pay for that increase.
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