This is called Real Estate Gains
Posted: Sat Dec 28, 2024 7:09 am
18% of the selling price , including service tax. Let's say you sell a house for RM100,000, then the agency fee is RM3,180. Just like lawyer fees, you only pay the agency fee after signing the sale and purchase agreement. That amount is also from the deposit that the buyer pays. So you don't have to spend the money upfront from your own pocket. 4) Real Estate Tax (RPGT / CKHT) When you sell a house, the government will tax the profit you receive from the sale.
Tax (RPGT). The tax rate that the government imposes depends on how benin whatsapp fan long you have been buying the property. In 2023, property taxes for individuals and permanent residents are as follows: Sales in the first to third year: 30% Sales in the fourth year: 20% Sales in the fifth year: 15% Sales in the sixth year and thereafter: none. For example.
If you buy a house in December 2023 for RM150,000 and then sell it for RM250,000 in June 2024, the RPGT rate is 30% because the sale occurs in the first year. In this case, your profit is RM100,000 (RM250k – RM150k) and the tax payable is around RM30,000 (30% x RM100,000). Note: this is a rough calculation. There is a more accurate method for calculating property tax where you can deduct some expenses/exemptions as stipulated in the Real Estate Gains Tax Act.
Tax (RPGT). The tax rate that the government imposes depends on how benin whatsapp fan long you have been buying the property. In 2023, property taxes for individuals and permanent residents are as follows: Sales in the first to third year: 30% Sales in the fourth year: 20% Sales in the fifth year: 15% Sales in the sixth year and thereafter: none. For example.
If you buy a house in December 2023 for RM150,000 and then sell it for RM250,000 in June 2024, the RPGT rate is 30% because the sale occurs in the first year. In this case, your profit is RM100,000 (RM250k – RM150k) and the tax payable is around RM30,000 (30% x RM100,000). Note: this is a rough calculation. There is a more accurate method for calculating property tax where you can deduct some expenses/exemptions as stipulated in the Real Estate Gains Tax Act.