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My family has bought a property in KL with 50% ownership belong to me and 50% belong to my mother. Last year my mum have transferred the ownership to me so I am holding 100% of the property ownership.

If I sell the property this year. Will I be tax by government and trigger LHDN? the property price when first bought was 800k++ now I am selling at price around 650k.
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3 Answers

Hi, RPGT only applied when u making profit from selling your property. Since you selling in loss you would be getting tax by LHDN. Maklumat lanjut
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    is that true? since my ownership is 50% which mean 800k/2 = 400k previously and i am now selling it at 650k after having the full ownership. Do LHDN consider it as a gain? I just got insight of a lawyer friend just it may imposed tax on this property

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