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> RPGT 5% after 5 years need to be U turn.

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TOMEI-R
post Jan 22 2019, 11:43 AM

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QUOTE(MR_alien @ Jan 22 2019, 11:39 AM)
why not?
poor ppl buy car to live
only rich ppl and flippers buy house to resell, if u wanna resell thn pay the tax
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Sounds fair. No?

But there needs to be some correction, greedy people and wannabe investors/flippers buy house to resell too.
toda_erika_II
post Jan 22 2019, 11:45 AM

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QUOTE(hotjake @ Jan 22 2019, 11:25 AM)
if no U-turn, i vote BN
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If no turn turn, I turn.
MR_alien
post Jan 22 2019, 11:45 AM

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QUOTE(TOMEI-R @ Jan 22 2019, 11:43 AM)
Sounds fair. No?

But there needs to be some correction, greedy people and wannabe investors/flippers buy house to resell too.
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fair
it's only 5% from the profit not from the house price anyway
mroys@lyn
post Jan 22 2019, 11:46 AM

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QUOTE(New Klang @ Jan 22 2019, 11:38 AM)
How to explain to IRB the source of undeclared income for the huge renovations?
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1 million in 10-15 years can't justify meh?
Angelic Layer
post Jan 22 2019, 11:47 AM

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After price collapse, accumulate, then U-turn, profit.
hellkvr
post Jan 22 2019, 11:48 AM

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House sold 1 mil. Give gov rm50k. Top kek
hellkvr
post Jan 22 2019, 11:48 AM

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House sold 1 mil. Give gov rm50k. Top kek
doppatroll
post Jan 22 2019, 11:58 AM

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QUOTE(hellkvr @ Jan 22 2019, 11:48 AM)
House sold 1 mil. Give gov rm50k. Top kek
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easy money brows.gif

QUOTE(TOMEI-R @ Jan 22 2019, 11:37 AM)
Only flippers and developers get hit really hard with this move by the government. Normal consumers who buy for own stay couldn't less be bothered by this move.
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Normal will because ppl tends to upgrade house ma brows.gif

This post has been edited by doppatroll: Jan 22 2019, 11:59 AM
TOMEI-R
post Jan 22 2019, 12:06 PM

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QUOTE(doppatroll @ Jan 22 2019, 11:58 AM)
easy money  brows.gif
Normal will because ppl tends to upgrade house ma  brows.gif
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You mentioned it yourself.... if you have the money to upgrade your house, then you better damn have money to pay taxes.
deodorant
post Jan 22 2019, 12:09 PM

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QUOTE(mroys@lyn @ Jan 22 2019, 11:36 AM)
as i mentioned in other thread, just tell IRB that you did huge renovations in year 2000, 2005, 2010 (no receipt). no gain, no tax!
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Dafug. No invoice no receipt no proof, IRB gonna just say OK and trust your word? 🤔
mroys@lyn
post Jan 22 2019, 12:20 PM

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QUOTE(deodorant @ Jan 22 2019, 12:09 PM)
Dafug. No invoice no receipt no proof, IRB gonna just say OK and trust your word? 🤔
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you keep receipts more than 10 years? what requirement is that?
MR_alien
post Jan 22 2019, 12:40 PM

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QUOTE(mroys@lyn @ Jan 22 2019, 12:20 PM)
you keep receipts more than 10 years? what requirement is that?
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u keep your income tax or not?
later income tax come and u say owh...i buang semua sudah, i tak simpan/anjing saya makan sudah laugh.gif
prepare to pay a lot of money lah laugh.gif
SinzChan
post Jan 22 2019, 12:49 PM

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QUOTE(New Klang @ Jan 22 2019, 11:24 AM)
I am luffing at this move that backfired
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can elaborate backfired on where?
deodorant
post Jan 22 2019, 01:13 PM

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QUOTE(mroys@lyn @ Jan 22 2019, 12:20 PM)
you keep receipts more than 10 years? what requirement is that?
Not sure trolling or what. Requirement is to keep receipts and stuff for 7 years, no? Does this 7 years countdown start from date of filing / reporting to LHDN or date of expense incurred?
thxxht
post Jan 22 2019, 01:16 PM

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ha! will never u-turn on this, they want to tax the rich at the same time it's a good measure to deter property bubble.
maestrox_69
post Feb 1 2019, 03:25 PM

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u are eligible for one time exclusion lahh. so genuine buyer / low cost flipper wont be impacted. it's only 5% profit sharing from what u earn.

earn million million dun wan share profit to fund paved roads and school hospital kaa
wotvr
post Feb 1 2019, 03:30 PM

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Just 5%? Cannot donate 5% of your gains to govt? Can donate tabung harapan but profit on speculation cannot?
TS New Klang
post Feb 12 2019, 01:40 AM

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QUOTE(wotvr @ Feb 1 2019, 03:30 PM)
Just 5%? Cannot donate 5% of your gains to govt? Can donate tabung harapan but profit on speculation cannot?
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Profit must be high to boast success.

Donation means an act of kindness, earn good karma.
Showtime747
post Feb 12 2019, 07:09 AM

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QUOTE(New Klang @ Feb 12 2019, 01:40 AM)
Profit must be high to boast success.

Donation means an act of kindness, earn good karma.
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LGE won't U-turn for this. He and Tony Pua are adamant to tax the rich. Next year they will introduce capital gain tax on share market, crypto, valuables, inheritance, gift tax etc

They are doing the same mistake Najib did. Najib taxed his B40 supporters with GST. LGE taxes his supporters with taxes on M40 and U20 middle and upper class.

This post has been edited by Showtime747: Feb 12 2019, 07:10 AM
Bora Prisoner
post Feb 12 2019, 07:17 AM

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Aiyah, the 5% will just be transferred to the buyer so property price go up


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