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 RPGT exempted, should be good news

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TS@m4t
post Dec 7 2007, 12:10 PM, updated 19y ago

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From: penang


i saw on the star Thursday, Dec 06:
http://biz.thestar.com.my/news/story.asp?f...95&sec=business

newbie here, but as the new said, it will be exempted, which is a good news rite ?
suppose the RPGT will tax us at least 20% of the selling price when we want to sell to second buyer, unless we keep the property until 5th years.

if it's true then..wow!! drool.gif drool.gif
TS@m4t
post Dec 7 2007, 02:50 PM

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From: penang


so the tax aleady exempted long ago.. doh.gif

QUOTE
and the money is tax free, a great way to launder your money from other "ventures" to make it tax free, want to know how? ask me

care to explain more? RPGT already exempted, what's more tax left ? assessment rate?, quit rent? can avoid those ?

 

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