RPGT For Properties Below RM200,000 To Be Exempted From January 2019 Onwards
Author Avatar


RPGT For Properties Below RM200,000 To Be Exempted From January 2019 Onwards

The government has decided to exempt the Real Property Gains Tax (RPGT) to Malaysians who sell individual properties that are priced RM200,000 and below. Finance Minister Lim Gian Eng stated that this exemption will take effect from 1 January 2019 onwards.

RPGT is a tax paid by Malaysian citizens or permanent resident in Malaysia when you sell off a property under your name if the property is disposed within five years of purchase. As part of Budget 2019, the government announced that it will impose RPGT on the disposal of properties and shares in property holding companies in the sixth year and above from 1 January 2019.

However, in a bid to ensure that this implementation of RPGT won’t burden the lower-income groups, the government has tweaked the tax to exclude low-cost houses, low-medium cost houses, and affordable houses valued at RM200,000 and below.

The RPGT announcement was just one of the property-related changes stated in Budget 2019. Check out our highlights of Budget 2019 for other property updates taking effect in 2019.

(Source: The Star)


0 0 votes
Article Rating


Comments (0)

Notify of

Inline Feedbacks
View all comments
Top Budgeting & Saving Articles
Top Budgeting & Saving Articles
Post Image
Best High Interest Savings Accounts In Malaysia (June 2023)
Pang Tun Yau
- 9th June 2023
Make your money work for you by depositing them into the best high-interest savings accounts in Malaysia!
Post Image
4 Things to Know About EPF Withdrawals
Diana Chai
- 11th July 2018
Most people may have heard that it is possible to withdraw their EPF savings before retirement but few realise how helpful this can be in a time of need. Here are 4 things to note about EPF withdrawals.
Post Image
Public Transport vs Private Transport: What’s the Best Way to Get Around?
Ahmad Mudhakkir
- 19th August 2016
We all need to go places, but which one of these two modes of transport is the best for us? Let's find out!
Post Image
A Guide To The Private Retirement Scheme (PRS)
Denise Chan
- 25th January 2019
The PRS was introduced as an additional retirement investment scheme over and above EPF to help Malaysians better prepare for retirement. But is it really the thing for you? Here's a quick guide to help you decide.

Related articles

Related Posts Image
Related Posts Image
Related Posts Image
Related Posts Image