Real property gains tax abolition a long-awaited move

THE abolition of the real property gains tax (RPGT) on properties sold after five years is seen as a timely move that will help boost the local property market.

KGV International Property Consultants (M) Sdn Bhd director Samuel Tan says this has been a long-awaited measure, as many see it as an unjust way to penalise long-term property owners on inflation.