|
Tax
Rates
Applicable
to all disposer
| Category
of Disposal in numbers of years |
Tax
Rate
|
| Disposal within two (2) years after the date of acquisition
of the chargeable asset |
30%
|
| Disposal within third (3) years after the date of acquisition
of the chargeable asset |
20%
|
| Disposal within forth (4) years after the date of acquisition
of the chargeable asset |
15%
|
| Disposal within fifth (5) years after the date of acquisition
of the chargeable asset |
5%
|
| Disposal within sixth (6) years after the date of acquisition
of the chargeable asset |
nil
|
In
the case where the disposer is a company, the following
Tax rates shall apply
| Category
of Disposal in numbers of years |
Tax
Rate
|
| Disposal
within two (2) years after the date of acquisition of
the chargeable asset |
30%
|
| Disposal
within third (3) years after the date of acquisition
of the chargeable asset |
20%
|
| Disposal
within forth (4) years after the date of acquisition
of the chargeable asset |
15%
|
| Disposal
within fifth (5) years after the date of acquisition
of the chargeable asset |
5%
|
In the case where of an individual who is not a citizen and
not a permanent resident, the following Tax rates shall
apply
| Category
of Disposal in numbers of years |
Tax Rate
|
| Disposal
within fifth (5) years after the date of acquisition
of the chargeable asset |
30%
|
| Disposal
within sixth (6) years after the date of acquisition
of the chargeable asset |
5%
|
| Real
Property Gains |
| Real
property gains are gains derived from disposal, sell,
convey, assign, transfer, settle or alienate whether
by agreement or by force of law which fall under chargeable
asset. All chargeable assets must be made during the
year of assessment and all particulars must be furnished
as requested. |
|
|
| Chargeable
Assets |
| An
Act enacted by the Duli Yang Maha Mulia Seri Paduka
Baginda Yang di-Pertuan Agong as the Real Property Gain
Tax Act 1976. Interpreted chargeable asset as real property
gain tax, shall be charged in accordance to this Real
Property Gain Tax Act 1976 in respect of chargeable
gain accruing on the disposal of any real property.
Subject to this Act, the chargeable gain from disposal
of real property shall be charged according to the category
Tax Rates in Ringgit Malaysia. |
|
|
| Allowable
Loss |
Allowable loss means a loss made after the disposal.
Tax relief shall be allowed in respect of the following
accrued:
- If the disposal price
is less than the acquisition price.
- If the disposal price
is equal to the acquisition price
|
|
|
| Exemption |
The following disposal of real property which do not
fall under Real Property tax Act 1976 :
- Transferring ownership
from husband to wife (wives) or vice versa
- Inheritance of real
property from deceased
- Transfer of ownership
from an individual to a company where he or she
has shares in the company.
- Transfer of an asset
as collateral for loan.
- Compulsory acquisition
by Government under any law. (Eminent Domain)
- Disposal of assets
as charity.
|
|
