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What is real property gains tax?


REAL property gains tax (RPGT) is a tax charged on gains arising from the disposal or sale of real property or shares in a real property company (RPC).

In simple terms, a real property includes land or immovable property, with or without title. An RPC is a company holding real property or shares in another RPC which value is not less than 75% of the value of the company’s total tangible assets.

Property , Taxation , rpgt

   

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