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
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