Mar 21 2025, 06:05 PM
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.
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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