Lower real property gains tax to zero, urges Rehda

Rehda believes there will be delays in completion of development projects as construction work has been put on hold due to the movement control order (MCO). — Filepic

JOHOR BARU: The Johor Real Housing Estate and Developers Association (Rehda) has urged the Federal Government to lower real property gains tax (RPGT) to zero percent following the Covid-19 pandemic.

Johor Rehda branch chairman Datuk Steve Chong Yoon On said that reducing the RPGT rates to zero percent for the next one or two years would help the housing sector here.