Govt urged to waive property gains tax to boost property market


BUTTERWORTH: The Government should consider a year’s waiver on real property gains tax (RPGT) to help boost the property sector, Henry Butcher Malaysia (Seberang Perai) Sdn Bhd senior manager Fook Tone Huat said. 

He said real estate companies presently had to pay between 5% and 30% in RPGT depending on how soon they sell the property. 

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