Know when to dispose of property that incurs the least tax

MAKE sure you understand which category your gains fall under when you dispose of a property as that would determine the quantum of tax you will need to remit to the Government.

Aljeffri Dean managing partner Neoh Chin Wah said if the gains fell under real property gains tax (RPGT), depending on the period of disposal, the tax could be 0% if the property was disposed in the sixth year of purchase by an individual.