How is rpgt imposed

Related Topics: | Tax Advice | Real Property Gains Tax |

How is real property gains tax imposed?

Many counties have a real property gains tax that is imposed on the ownership of real estate located within its boundaries.

Real property gains tax (RPGT) is a form of capital gains tax. RPGT is charged on gains arising from the disposal of real property which is defined as “any land situated in Malaysia and including any interest, option or other right in or over such land or shares in a real property company (RPC).

Real property gains tax is typically imposed on the chargeable gains accruing to a chargeable person in a year of assessment in respect of each category of the disposal of any chargeable real property.

When a real property is disposed, the market value of the real property is compared to the original acquisition price. The gains (if any) will be assessed based on a set percentage. In addition, a stamp duty is also imposed when that parcel of real property is transferred from the seller to the buyer.

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