Analysts hail new property gains tax

THE Federal Government has taken positive measures to raise revenue without taxing the lower- income group in Budget 2019, says KPMG Tax Services Sdn Bhd executive director Evelyn Lee.

Lee said the government’s plan to increase the Real Property Gains Tax (RPGT) for properties to be disposed in the sixth year to 10% from 5% now was less contentious than expanding the base for the capital gains tax.