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Hi, i would like to confirm about the calculation of RPGT based on shifting of the ‘base year’ from 1 January 2000 to 1 January 2013.
For example I bought a 400k KL condo in Sept 2011 (before 1 January 2013). The property price increased to 500k in 2013. If i sold it at 600k and signed S&P after 1st Jan 2020, the profit is considered as 600k - 500k = 100k? Then there will be 5% tax from this 100k (after exemption). Is my understanding correct? Thank you.
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1 Answer

<en>David</en> <en>Wong Lai Kwong</en>
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Basically yes. You may deduct lawyer's fees, agent's fees and renovation costs that adds to your acquisition cost and deduct the lawyer's fee and agent's fee to reduce your disposal price after the standard exemption. However, you may also elect a residential property sold to be fully exempted from RPGT which is an entitlement per person once in their lifetime. Read More
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