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

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

mois
post Feb 12 2019, 07:31 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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Why you guy so stupid one. 5% refer to capital gain tax. You buy 900k prop sell 1m. 5% on the rm100k. Not 1m.
fenn228
post Feb 12 2019, 07:50 AM

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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.
IReallyNeed Answers
post Feb 12 2019, 08:50 AM

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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
New Klang
post Feb 12 2019, 07:07 PM

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QUOTE(IReallyNeed Answers @ Feb 12 2019, 08:50 AM)
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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Did u copy this from the useless textbook?

IRL ppl will need to ....................... in order to lessen the tax.

AlexMax
post Feb 12 2019, 07:40 PM

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set la 10 years or what... else poor people that sell house so to pay off debt or for children university loan suffer only sad.gif

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...
zacky chan
post Feb 12 2019, 10:43 PM

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QUOTE(New Klang @ Feb 12 2019, 07:07 PM)
Did u copy this from the useless textbook?

IRL ppl will need to ....................... in order to lessen the tax.
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please teach me the dot dot line...want to know icon_question.gif

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