News about RPGT

KUALA LUMPUR (April 3): The Malaysian Institute of Professional Estate Agents and Consultants (MIPEAC) has joined recent calls for the government to provide specific stimulus measures for the real estate industry in light of the prolonged slowdown and the impact of the Covid-19 outbreak and ongoing Movement Control Order (MCO) in the country.

PETALING JAYA (March 31): The  Real Property Gains Tax (RPGT) should be zeroized (as it was in 2007) till the end of the year to help boost the already soft real estate market in the country, said the Malaysian Institute of Estate Agents (MIEA).

KUALA LUMPUR (Feb 26): Sime Darby Bhd's net profit for the second quarter ended Dec 31, 2019 fell 11% to RM282 million from RM317 million a year earlier, mainly due to recognition of a deferred tax credit of RM129 million arising from the change in real property gain tax (RPGT) rates.

PETALING JAYA (Oct 12): The real property gains tax (RPGT) is still part of the Malaysian property market landscape, but Putrajaya has heeded public opinion and making enhancements by revising the base year of calculation.

PETALING JAYA (OCT 11): Property developer Mah Sing Group Bhd is hoping that the government will consider continuous improvements to the Real Property Gains Tax (RPGT) policy to boost property market activity.

  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”.

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.

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.

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.

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.