There is the Real Property Gain Tax waiver for property abover 5 years, right ?
Does the 5 years begin from the date of the S&P or 5 years after CF ?
RPGT after 5 years
RPGT after 5 years
|
Jul 4 2008, 11:38 AM, updated 16y ago
Show posts by this member only | Post
#1
|
All Stars
19,471 posts Joined: Jan 2003 From: Kuala Lumpur |
There is the Real Property Gain Tax waiver for property abover 5 years, right ?
Does the 5 years begin from the date of the S&P or 5 years after CF ? |
|
|
|
Jul 4 2008, 03:36 PM
Show posts by this member only | Post
#2
|
Junior Member
376 posts Joined: Jan 2003 |
For now, RPGT is exempted. I believe it was since last year.
Yes, previously there was no tax for prop after 5 years. I think it is from the date of the S&P. Someone please confirm. QUOTE(ronnie @ Jul 4 2008, 11:38 AM) |
|
Jul 4 2008, 04:08 PM
Show posts by this member only | Post
#3
|
Junior Member
274 posts Joined: Jan 2008 |
previously, it was 5 years from date of s&p. now, totally exempted. can sell after 1 day at a 300% profit and sapu the whole thing! companies still subject to income tax though.
|
|
Jul 4 2008, 04:54 PM
Show posts by this member only | Post
#4
|
VIP
13,469 posts Joined: Dec 2006 From: KL, Malaysia |
@johnsonm,
Er.. which property did U purchase which gave U 300% profit after the next day? Oh well.. even the next year I just bought a house @ RM770k. If I could get 300% profit selling it now, I definitely would. With RM3.08m I'll get a bungalow instead |
|
Jul 4 2008, 05:12 PM
Show posts by this member only | Post
#5
|
All Stars
19,471 posts Joined: Jan 2003 From: Kuala Lumpur |
Thanks guys for the input...so it's 5 years from S&P date...cool
|
|
Jul 4 2008, 05:15 PM
Show posts by this member only | Post
#6
|
VIP
13,469 posts Joined: Dec 2006 From: KL, Malaysia |
@ronnie,
NO it's not 5 years from S&P date. It's waived entirely NOW! Refer to Post #3 by johnsonm |
|
Jul 5 2008, 12:28 AM
Show posts by this member only | Post
#7
|
Senior Member
6,657 posts Joined: Jul 2006 |
we might wanto say , waive until further notice, knowing this country....
|
|
Jul 5 2008, 01:51 AM
Show posts by this member only | Post
#8
|
Senior Member
3,318 posts Joined: Dec 2004 From: 1Malaysia |
QUOTE(tinkerbel @ Jul 4 2008, 04:54 PM) @johnsonm, Think Johnson meant 300% returns on cash invested. Not impossible to get, but aint easy either. Er.. which property did U purchase which gave U 300% profit after the next day? Oh well.. even the next year I just bought a house @ RM770k. If I could get 300% profit selling it now, I definitely would. With RM3.08m I'll get a bungalow instead So techinacally for cash-rich buyers like yourself , your returns would be lower (% wise) since u didnt leverage to the max. |
|
Jul 5 2008, 10:48 AM
Show posts by this member only | Post
#9
|
All Stars
23,614 posts Joined: Dec 2006 |
@tinkerbel
OT. Leveraging could be a double edged sword, so your need to know well before you start to apply. I believe it does not suite you bcos of your risk profile. Correct me if I am wrong. No intention to offend anyone. This post has been edited by SKY 1809: Jul 5 2008, 10:50 AM |
Change to: | 0.0162sec
0.70
5 queries
GZIP Disabled
Time is now: 19th March 2024 - 06:39 PM |