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RPGT – Real Property Gains Tax, as reported at The Star, The Edge Property, iProperty, Bernama.com,

Summary

Seller will still be charge a minimum of 5% on GAINS even after 5 years from initial purchase date.

Exemptions on:-

* The level of exemption is increased from RM5,000 to RM10,000 or 10 per cent of the chargeable gains, which ever is the higher;

* Gifts betwen parent and child, husband and wife, grandparent and grandchild; and

* disposal of a residential property once in a lifetime.

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