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KUCHING: The sharp increase in Real Property Gains Tax (RPGT) and removal of the Developer Interest Bearing Scheme (DIBS) will have little impact on Sarawak’s property firms as there are few market speculators in the state.
GEORGE TOWN: The upward revision of the Real Property Gain Tax (RPGT) will work only in the short-run to curb speculation.
SEREMBAN: MCA has proposed that the government stop imposing the real property gains tax (RPGT) on assets disposed after 10 years of acquisition.
THE increased real property gains tax (RPGT) announced in Budget 2014 might have drawn flak from developers based in many major cities, but their counterparts in Perak are unfazed by the move.
KUALA LUMPUR: Johor’s Iskandar Regional Development Authority (Irda) has written to the Finance Ministry to ask if Medini Iskandar Malaysia, a new township that it is currently developing, will be exempt from the more stringent property transactions measures announced under Budget 2014.
KUALA LUMPUR: The government should abolish the real property gains tax (RPGT) imposed on properties disposed after a five-year period, says MCA president Datuk Seri Dr Wee Ka Siong.