‘RPGT increase to affect market’


THE increase in the Real Property Gains Tax (RPGT) to 5% from 0% on Malaysian individuals for the disposal of properties after the fifth year could subdue the local property market further.

PPC International managing director Datuk Siders Sittampalam said the measure, which was tabled at Budget 2019 yesterday, would affect the investors’ market.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , RPGT , property , tax

   

Next In Business News

Ringgit extends losses amid cautious sentiment ahead of next week's FOMC meeting
TM enhances digital infrastructure with GPU-as-a-Service for AI
Datasonic plans to raise RM555mil, buy 51% of Innov8tif in transformation plan
Bursa Malaysia snaps 5-day losses to end higher
Exsim Hospitality unit secures RM20.98mil renovation contract
Lotte Chemical Titan temporarily shutters naphtha cracking plant to mitigate losses
Malaysia's new vehicle sales fall 8% in Nov 2024
UK economy in October suffers first back-to-back declines since 2020
Asian shares drop, long-dated Treasuries set for worst week in a year
T7 Global bags PETRONAS Carigali job

Others Also Read