FLASH: Improving the RPGT

In response to the people's view on the real property gains tax (RPGT) imposed on disposal of properties by individual citizens and permanent residents after a five-year period, the government will enhance the RPGT treatment by setting the market value on 1 January 2013 as the property acquisition price for properties acquired prior to 1 January 2013 compared to 1 January 2000. 

  1. Govt ensures 2020 development expenditure to be used in same year
  2. Dewan Rakyat approves in principle bill on 2020 Budget
  3. Government's RPGT collection for properties disposed after 5 years hit RM81.5m as of August