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.
BAssets 4Q net loss widens following higher deferred tax bill
KUALA LUMPUR (Aug 22): Berjaya Assets Bhd’s (BAssets) net loss widened significantly in the fourth quarter ended June 30, 2019 (4QFY19) to RM83.
RPGT now a pure taxation tool, discourages long-term investment
PETALING JAYA: The revised Real Property Gains Tax (RPGT) rates that took effect from Jan 1, 2019, may lead to quicker disposals upon the fifth year of holding period as there would be no motivation for longer term investment, said a tax expert.
New RPGT rates will dampen sales
PETALING JAYA (Dec 31): Malaysia’s revised Real Property Gains Tax (RPGT) rates that take effect from Jan 1, 2019, will dampen market sentiment and sales in the near term, according to industry players.
Budget 2019: Property consultant expects more deals closed before higher RPGT kicks in
PETALING JAYA (Nov 2): A property consultant expects a more active real estate transaction now till year end to avoid additional Real Property Gains Tax (RPGT) charges.
Budget 2019: Good news for first-time homebuyers, but not for investors, says Savills Malaysia
PETALING JAYA (Nov 2): The increase in stamp duty rates for the transfer of property valued RM1 million and above as well as the imposition of Real Property Gains Tax (RPGT) on future property sales have increased the entry and exit costs for property ownership which might dampen investors’ interest, said Savills Malaysia managing director Datuk Paul Khong.
Budget 2019: MIPEAC lauds government’s effort to resolve market mismatch problems
PETALING JAYA (Nov 2): Budget 2019 is a very comprehensive budget that encourages homeownership while aiming to resolve the mismatch in property demand and supply, said Malaysian Institute of Professional Estate Agents and Consultants (MIPEAC) deputy president See Kok Loong (pictured).
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Budget 2019: No big impact expected from higher RPGT, say industry experts
PETALING JAYA (Nov 2): While the Real Property Gains Tax (RPGT) rate will be increased after the fifth year, industry experts believe it will not adversely impact the property market as the quantum of increase is rather minimal.
Expect measures to raise homeownership and tackle overhang in Budget 2019, say analysts
PETALING JAYA: Budget 2019 will continue to be geared towards affordable housing policies.
'Avoid new taxes and maintain RPGT rate in Budget 2019'
PETALING JAYA: The government should not implement new taxes on the real estate industry, especially counter-productive ones such as a vacancy tax, said the immediate past president of the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) Foo Gee Jen.
