Tag: RPGT is for every property transaction
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RPGT is to be calculated based on value from year 2000, not before.
I think my good friend in Penang will be slightly happier. He was asking me about the properties he acquired long ago which he needed to dispose now for his daughter’s tertiary education. He will ‘lose’a lot due to the sudden announcement of the 5 percent Real Property Gains Tax regardless of how long one…