Estate agents: Budget 2020 below expectation especially on RPGT

  PETALING JAYA (OCT 11): Although encouraged by some of the government’s Budget 2020 announcements today that focus on stimulating the property market, the Malaysian Institute of Estate Agents’ (MIEA) immediate past president Eric Lim said overall, Budget 2020 was “slightly below his expectations”.

READ MORE

Budget 2020: RPGT base year to be revised

PETALING JAYA (Oct 11): The government will revise the real property gains tax (RPGT) imposed on the disposal of properties after a five-year period, by individual citizens and permanent residents.

READ MORE

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.

READ MORE

No plans to abolish RPGT, says Finance Ministry

KUALA LUMPUR (Oct 10): Putrajaya does not plan to get rid of the Real Property Gains Tax (RPGT) for the time being “as it has not reached the one-year implementation period”, the Finance Ministry said, The Star reported today.

READ MORE

Budget 2020 survey: Please review RPGT

It seems a large number of property owners have been disturbed by the current Real Property Gains Tax (RPGT) and they are hoping to see it reduced or removed, according to a poll conducted by EdgeProp.

READ MORE

PEPS: Remove 5% RPGT for property disposal from 6th year

PETALING JAYA (Oct 4): The Association of Valuers, Property Managers, Estate Agents and  Property Consultants in the Private Sector Malaysia (PEPS) is urging the government to review the current Real Estate Property Gains Tax (RPGT) so it can have a positive impact in stimulating  the country’s  housing market.

READ MORE