QUOTE(hellkvr @ Jan 22 2019, 11:48 AM)
Why you guy so stupid one. 5% refer to capital gain tax. You buy 900k prop sell 1m. 5% on the rm100k. Not 1m.RPGT 5% after 5 years need to be U turn.
RPGT 5% after 5 years need to be U turn.
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Feb 12 2019, 07:31 AM
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#41
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Senior Member
3,165 posts Joined: Nov 2007 From: Hornbill land |
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Feb 12 2019, 07:50 AM
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Newbie
19 posts Joined: Jan 2019 |
5% RPGT should U turn for 1st property sold.
Sometimes we sold not because of flipping but the need to sell eg relocate due to jobs or marriage or retirement back to homwtown. |
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Feb 12 2019, 08:50 AM
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#43
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Senior Member
913 posts Joined: Jan 2008 From: Cheras |
Buy 1,000,000 house,
Sold it for 1,500,000 RPGT 5% = 25,000 Owner decide to factor into selling price New selling price = 1,550,000 New RPGT = 27,500 Initial earning 500,000 - 25,000 = 475,000 New earning 550,000 - 27,500 = 522,500 End end still buyer yang kena, flipper enjoice jer Maybe figure too big but just as reference point, can be 200k, 300k, 500k etc |
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Feb 12 2019, 07:07 PM
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Senior Member
4,998 posts Joined: Dec 2010 |
QUOTE(IReallyNeed Answers @ Feb 12 2019, 08:50 AM) Buy 1,000,000 house, Did u copy this from the useless textbook?Sold it for 1,500,000 RPGT 5% = 25,000 Owner decide to factor into selling price New selling price = 1,550,000 New RPGT = 27,500 Initial earning 500,000 - 25,000 = 475,000 New earning 550,000 - 27,500 = 522,500 End end still buyer yang kena, flipper enjoice jer Maybe figure too big but just as reference point, can be 200k, 300k, 500k etc IRL ppl will need to ....................... in order to lessen the tax. |
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Feb 12 2019, 07:40 PM
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Junior Member
20 posts Joined: Apr 2005 |
set la 10 years or what... else poor people that sell house so to pay off debt or for children university loan suffer only
flipper got multiple properties, flip 1 property already earn back the tax that give to government.. end up, the poor guy that has 1 property only kena... |
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Feb 12 2019, 10:43 PM
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Newbie
11 posts Joined: Jun 2018 |
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