RPGT For Malaysia Property For Sale

RPGT for Malaysia Property For Sale

    Real Property Gains Tax Rates for Disposal of Malaysia Property

Disposal Before 1/4/2007 1/4/07 to 31/12/2009
Companies Indivisual (Citizens & Permanent Residents) Individual (Non-Citizens)
Within 2 years 30% 30% 30% Exempted
In the 3rd year 20% 20% 30%
In the 4th year 15% 15% 30%
In the 5th year 5% 5% 30%
In the 6th year and subsequent years 5% 5% 5%
Disposal From 1/1/2010 From 1/1/2012 From 1/1/2013
Within 2 years 5% 10% 15%
In the 3rd year 5% 5% 10%
In the 4th year 5% 5% 10%
In the 5th year 5% 5% 10%
In the 6th year and subsequent years 0% 0% 0%
Disposal From 1/1/2014
Companies Indivisual (Citizens & Permanent Residents) Individual (Non-Citizens)
Within 3 years 30% 30% 30%
In the 4th year 20% 20% 30%
In the 5th year 15% 15% 30%
In the 6th year and subsequent years 5% 0% 5%

Other Key Pointers

  • The minimum property purchased price allowed for foreigner is increased to RM1 Million from previously RM500,000.
  • DIBS (Developer Interest Bearing Scheme) is prohibited to prevent developers from incorporating interest rates on loan in house prices during construction period.
  • Property developers must display detailed selling price which include all benefits offered to buyer. E.g. exemption of stamp duty, legal fees, free gifts.