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 Tax on selling inherited land

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kimzee
post Jan 17 2019, 11:46 AM

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QUOTE(carlitofreak @ Jan 17 2019, 08:31 AM)
If Memorandum of Transfer sign before 1 January 2019, no RPGT need to be paid for Property more than 5 years. But if sign after 1 January 2019, under the new rule, RPGT is imposed for all Property Transaction (unless below RM200,000) at 5% (if Individual) or 10% (If Company) in Year 6 and so on of holding the property
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So that means regardless of how long the land was held, it will be RPGT taxable?
Does this apply for residential properties too? TIA.

 

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