Real Property Gain Tax Malaysia

Real Property Gains Tax (RPGT) is a form of Capital Gains Tax that homeowners and businesses have to pay when disposing of their property in Malaysia. Which means that if one day you decide to sell your house, you have to pay taxes on the profit (gains) if you have any. 

For a quick calculation, the formula is:

Chargeable Gain = Disposal Price - Purchased Price - Miscellaneous Costs
Net Chargeable Gain = Chargeable Gain - Exemption Waiver (RM10,000 or 10% of Chargeable Gain, whichever is higher)
Tax payable = RPGT Rate (based on holding period) * Net Chargeable Gain

RPGT rates classification

*Information refer to loanstreet.com.my which is a independent Malaysian comparison website

The latest RPGT was review and revert by the government to boost the real estate market due to Covid-19 pandemic. 

The details can refer to the link : https://www.thestar.com.my/business/business-news/2020/06/05/property-tax-exemption-for-malaysians-for-disposal-of-up-to-three-properties