RPGT to apply only for properties sold within five years of purchase Dec 24, 2009
Prime Minister Datuk Seri Najib Tun Razak have
announced on 23 Dec that the real property gains tax (RPGT) announced during
the 2010 Budget will now only apply to properties sold within five years after
purchasing them.
The 2010 Budget announcement previously imposed RPGT
on all properties sold.