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home/flat bought for 3 years, to be charged with tax?
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TSDragon bastard
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Jun 16 2025, 06:36 PM, updated 6 months ago
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New Member
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i bought a flat in N9 and previously i bought a flat in Selangor but later decided to sell as i moved to N9. However this flat is bad with the neighbors and i decided to move...so if i move/ sell this flat,will i be charged with tax for not staying for 6 years?
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Boomwick
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Jun 16 2025, 07:08 PM
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Sell back same price with no gain = no tax lo..
Usually wont gain one.. sure lose
U can minus out cost of acquisition and disposal, then shud be negative if ur selling price is similar
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TSDragon bastard
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Jun 17 2025, 11:23 AM
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New Member
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i want to buy new flat which cost me around $85k...so it will impossible to sell at the same price..i guess i shall wait till enough time which is 6 years onwards. otherwise i will have to fork out the amount of tax which is quite impossible gor me to pay.
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TSDragon bastard
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Jun 17 2025, 11:24 AM
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New Member
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cant i use the reason that the idiot neighbors who harassing me?
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nexona88
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Jun 18 2025, 06:18 PM
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QUOTE(Dragon bastard @ Jun 16 2025, 06:36 PM) i bought a flat in N9 and previously i bought a flat in Selangor but later decided to sell as i moved to N9. However this flat is bad with the neighbors and i decided to move...so if i move/ sell this flat,will i be charged with tax for not staying for 6 years? Which tax you talking about?? RPGT or those local council one??
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gashout
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Jun 18 2025, 06:55 PM
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QUOTE(Dragon bastard @ Jun 17 2025, 11:24 AM) cant i use the reason that the idiot neighbors who harassing me? no
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gashout
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Jun 18 2025, 06:56 PM
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QUOTE(Dragon bastard @ Jun 17 2025, 11:23 AM) i want to buy new flat which cost me around $85k...so it will impossible to sell at the same price..i guess i shall wait till enough time which is 6 years onwards. otherwise i will have to fork out the amount of tax which is quite impossible gor me to pay. you only get taxed only on the profitted amount... after deducting reno etc as well. are you making a profit? if no, no tax.
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TSDragon bastard
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Jun 18 2025, 09:07 PM
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New Member
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QUOTE(nexona88 @ Jun 18 2025, 06:18 PM) Which tax you talking about?? RPGT or those local council one?? rpgt...
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nexona88
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Jun 18 2025, 09:37 PM
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QUOTE(Dragon bastard @ Jun 18 2025, 09:07 PM) Should be No tax...
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TSDragon bastard
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Jun 20 2025, 08:47 AM
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New Member
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QUOTE(nexona88 @ Jun 18 2025, 09:37 PM) yes it got rpgt...if sold within 5 years ...got to pay a certain of tax.... roughly 15%
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hanhanhan
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Jul 8 2025, 08:31 PM
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for RPGT:
eg buy 100k, sell 100k , no profit = no tax buy 100k, sell 95k, losses = no tax buy 100k, sell 120k, have profit = have tax on 20k
however u can deduct out agent fee, legal fee during purchase & during sale, renovation cost (all must have receipt). if after deduct, is lower than your buying price, then also no tax
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