The RPGT Rates is as set out in Schedule 5 of the RPGT Act as follows:
DISPOSAL PERIOD
TAX RATE FOR YEAR OF ASSESSMENT 2020
PART I
PART II
PART III
Other than Part II and Part III
[eg: individual, partnership, executor of the estate of a deceased person who is a citizen or a permanent resident]
Company incorporated in Malaysia or trustee of a trust
[eg: company, co-operative, association, society and organisation]
Individual who is not a citizen and not a permanent resident, or an executor of the estate of a deceased person who is not citizen and not a permanent resident, or a company not incorporated in Malaysia.
Disposal within 3 years after the date of acquisition
30%
30%
30%
Disposal in the 4th year after the date of acquisition
20%
20%
30%
Disposal in the 5th year after the date of acquisition
15%
15%
30%
Disposal in the 6th year after the date of acquisition
We had come across on how much should be my salary if I want to get a bank loan with amount..bla bla bla. Therefore we simplified it with using the info below:
No. Monthly Income (RM) and Total Loan (RM) approved (estimate):
Monthly Income (RM)
Total Loan (RM) approved
8,500.00 and above
600,000.00
6,500.00 to 8,499.00
562,000.00
5,500.00 to 6,499.00
525,000.00
4,500.00 to 5,499.00
500,000.00
3,500.00 to 4,499.00
475,000.00
3,000.00 to 3,499.00
400,000.00
2,500.00 to 2,999.00
350,000.00
2,000.00 to 2,499.00
320,000.00
1,500.00 to 1,999.00
260,000.00
1,200.00 to 1,499.00
210,000.00
1,000.00 to 1,199.00
150,000.00
999 and below
120,000.00
Owning a property in Malaysia is never been easier as you can go online to look out for it. Let me attach for you a website for your first property hunting:
Properties: Individual or Investment Holding Company (IHC) 1. What is an Investment Holding Company (IHC) LHDN IHC 02-2024-investment-holding-company 28052024.pdf
