Real estate Malaysia / TH Lim Property Malaysia

What Is Real Property Gains Tax (RPGT)?  In Malaysia, Real Property Gains Tax (RPGT) is one of the most important property-related taxes and is  chargeable on the profit gained from selling a property . Whether you’re a property investor or an owner just simply looking to sell your current home to purchase your dream home, it’s important to be aware of all costs associated with a real estate transaction. It’s not always easy though! Our Government likes to keep things relevant and current. RPGT rates in Malaysia were  most recently adjusted in Budget 2019 , with new changes announced as part of Budget 2020. Earlier this year, the government once again revised RPGT rates, giving  tax exemptions to low-cost and budget homes below RM200,000 , while increasing the tax rate to 5% for properties held by Malaysian citizens for more than five years. Budget 2019 also increased the rate for foreigners and companies selling a property after more than 5 years of ownership from 5% to 1