RPGT (Real Property Gains Tax) Calculator

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RPGT (Real Property Gains Tax) Calculator

Date of Disposal*
Selling Price*
RM
Enhancement / Renovation Cost*
RM
Legal fees for S&P (When Selling)*
RM
Agent Commission to Sell*
RM
Date Of Purchase*
Purchase Price*
RM
Legal fees for S&P (When buying)*
RM
Legal fees for Loan Documentation (When buying)*
RM
Agent Commission to Buy*
RM
Minus: Other Deduction
Add: Other Income
Calculate now
CITIZEN
NON-CITIZEN
COMPANY
Chargeable Gain / Loss
RM 0.00
RM 0.00
RM 0.00
Net Chargable Gain for RPGT
RM 0.00
RM 0.00
RM 0.00
RPGT Rate
0 %
0 %
0 %
RPGT Payable
RM 0.00
RM 0.00
RM 0.00
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Purpose of the RPGT Calculator

The main purpose of the RPGT Calculator is to simplify the process of calculating the Real Property Gains Tax, ensuring that property sellers can easily understand their tax liabilities without needing to manually perform complex calculations. It provides a quick and accurate estimation of the tax payable, allowing sellers to make informed decisions about their property transactions.

How to Use the RPGT Calculator

To use the RPGT Calculator, you typically need to input the following details:

  1. Purchase Price: The original price paid for the property.
  2. Selling Price: The price at which the property is being sold.
  3. Holding Period: The duration for which the property was held (from the date of acquisition to the date of disposal).
  4. Acquisition and Disposal Costs: Any additional costs incurred during the acquisition and disposal of the property, such as legal fees, valuation fees, and agent fees.

How RPGT is Calculated

The RPGT is calculated based on the gain derived from the sale of the property. The gain is determined by subtracting the purchase price and allowable expenses from the selling price. The applicable RPGT rate depends on the holding period of the property:

  1. For individuals (citizens and permanent residents):
    1. Within 3 years: 30%
    2. In the 4th year: 20%
    3. In the 5th year: 15%
    4. Beyond 5 years: 5%
  2. For companies:
    1. Within 3 years: 30%
    2. In the 4th year: 20%
    3. In the 5th year: 15%
    4. Beyond 5 years: 10%
  3. For non-citizens and non-permanent residents:
    1. Within 5 years: 30%
    2. Beyond 5 years: 10%

Benefits of Using the RPGT Calculator

  1. Time-Saving: Quickly provides the amount of tax payable, saving time and effort.
  2. Accuracy: Reduces the risk of errors in manual calculations.
  3. Financial Planning: Helps sellers plan their finances better by understanding their tax liabilities in advance.
  4. Informed Decisions: Assists in making informed decisions regarding the timing of property sales to optimize tax outcomes.

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Frequently Asked Questions (FAQ)

Why should i use the RPGT (Real Property Gains Tax) Calculator?
Do I need to pay RPGT when i sell my property without making a profit?
When do I need to pay my RPGT?
What are the RPGT rates of 2024?
What exemptions are available for RPGT?
Is RPGT applicable to inherited properties?
How is RPGT calculated if I renovate the property before selling it?
Is RPGT applicable to foreigners selling property in Malaysia?
Can I appeal if I disagree with the RPGT calculated?

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