old house, transfered name to my fren 3 years ago from his father.
now sell the house, will have RPGT ?/
will kena RPGT?, transfer name of old property
will kena RPGT?, transfer name of old property
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Jan 3 2025, 11:24 AM, updated 11 months ago
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#1
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Senior Member
570 posts Joined: Jul 2005 |
old house, transfered name to my fren 3 years ago from his father.
now sell the house, will have RPGT ?/ |
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Mar 21 2025, 06:05 PM
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#2
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Junior Member
603 posts Joined: Feb 2018 |
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 |
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Mar 22 2025, 02:29 PM
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#3
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1,197 posts Joined: Oct 2006 From: Kuala Lumpur |
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