New rules: Transactions on property changes must be reported through the MyTax portal. — AZMAN GHANI/The Star
KUALA LUMPUR: Parties involved in property ownership transfers in Malaysia must report to the Inland Revenue Board (LHDN) within 60 days for Real Property Gains Tax (RPGT) purposes.
LHDN principal assistant director of the Stamp Duty & Real Property Gains Tax Operations Department Azman Muhammad said transactions such as sale and purchase, transfer of rights, transfer of ownership and assignment of property must be reported through the MyTax portal.
