The Budget 2017 announcement
which was so highly anticipated has come and passed us by. The hopes that the
budget would answer some of the property market concerns were partially
fulfilled with another affordable home scheme announced, a couple of property
related decisions made and a reasonable allocation of the budget delegated to
Third Friday of October.
21st October 2016. What is the significance of this date, and how is it going
to change Malaysia’s property market for the better or worse?
Real Property Gains Tax (RPGT) is a form of Capital Gains Tax
that is imposed on the disposal of property in Malaysia. It was suspended
temporarily in 2008-2009, and reintroduced in 2010. In 2014, RPGT was increased
for the 5th straight year since 2009. So how is it calculated, and
what does it impact?