Governed under Real Property Gains Tax Act 1976, RPGT is a tax on capital gain ( Profit) on the disposal of a chargeable (not all) asset,includes real property and shares in real property companies.
Formulae:
Disposal price - acquisition price X RPGT rate = RPGT
RPGT rates at 5% for all current disposals chargeable RPGT.
Exemptions:
a) gain on disposal of a chargeable asset from 1 April 2007 - 31 Dec 2009
b) after 1 Jan 2010 where the disposal is made after 5 yr from the date of acquisition
November 2, 2010
Property Market
Property market at bull run? The price to be at uptrend which focus on the residential prices and in Kuching, houses priced at more than affordable price ranged RM100k to RM500k. Hopefully there is no "price frothing" in Sarawak. The super cycle stage that property investment has experienced seems to be vary noted elsewhere. To search for the recent price log in to National Property Information Centre(NAPIC) and various price averaging RM270k up to RM700k sold and published.
The new trend that seemingly relevant to Kuching property investment is the landed residential within gated and guarded communities. In KL, these houses are selling like hot choc as a class of its own.The purchasing pattern in both Kuching and KL seem to be vary in terms of fixed rates offered and also the prefential pyscometric of both.
Loan to value ratio cap at 80% must be thrown to public in order to capitalising the property market up to its value.
The new trend that seemingly relevant to Kuching property investment is the landed residential within gated and guarded communities. In KL, these houses are selling like hot choc as a class of its own.The purchasing pattern in both Kuching and KL seem to be vary in terms of fixed rates offered and also the prefential pyscometric of both.
Loan to value ratio cap at 80% must be thrown to public in order to capitalising the property market up to its value.
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