The RPGT you have to pay is around

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2) RPGT house sales tax may be high RPGT, the government levies a house sales tax on the profit you make. The tax rate varies depending on how long you have owned the house: First year to third year: 30% Fourth year: 20% Fifth year: 15% Sixth year onwards: 5% Let's say you buy a house for RM150,000 and in the third year you sell the house for RM250,000.


Your profit is RM100,000 (RM250k – RM150k) and the RPGT rate is colombia whatsapp number database 30%. RM30,000. Note: this RPGT calculation has its own format. To be precise, in this case you have to pay a maximum of RM27,000. But for illustration, I am using a simple calculation. Get the services of a lawyer or a legal tax agent for the calculation.


As you can see, this RPGT can be a large amount if you sell your house before 5 years. But you can use the exemption once in your lifetime. If you use this exemption, there is no RPGT imposed by the IRB. However, you can only use this exemption once. If you sell another house, you have to pay tax. There are certain conditions to get this exemption.