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 will kena RPGT?, transfer name of old property

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TSseongmeng
post Jan 3 2025, 11:24 AM, updated 11 months ago

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old house, transfered name to my fren 3 years ago from his father.

now sell the house, will have RPGT ?/
koja6049
post Mar 21 2025, 06:05 PM

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Yes. I quote from this website: https://dnh.com.my/transferring-a-property-...can-it-be-done/

QUOTE
What is the RPGT implication to the transferee / recipient in the subsequent disposal?

The transferee should be aware that he is deemed to have acquired the property at the acquisition price that was previously paid by the transferor. Therefore, upon subsequent disposal by the transferee, he might be exposed to significant capital gains, especially if the property was previously owned by the transferor for a long amount of time.


Thus it is better to wait 5 years to dispose the property
hanhanhan
post Mar 22 2025, 02:29 PM

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From: Kuala Lumpur


QUOTE(seongmeng @ Jan 3 2025, 11:24 AM)
old house, transfered name to my fren 3 years ago from his father.

now sell the house, will have RPGT ?/
*
yes, if the house market value increase from 3yrs ago

wait for full 5 yrs (means 6th yr baru sell) to avoid rpgt

 

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