Chargeable Real Property Gain Tax (RPGT) – 5%

Property(s) that are disposed within/less than 5 (Five) years are subject to pay the RPGT of 5%. However, the chargeable amount can be calculated as follows:-

Example:

Cost of Purchase A property is RM150,000

Dispose of A property within 5 years time at price of RM200,000

Gain of profit of Property A is RM50,000

Minus Rebate RM10,000

Minus Legal Fees Assume is RM4,000

Minus Property Agent Commision RM6,000 (3%)

Minus Renovation RM7,000

Nett Profit will be RM50,000 – RM10,000 – RM4,000 – RM6,000 – RM7,000 is RM23,000

Therefore, the RPGT to government for Property A is RM23,000 x 5% = RM1,150