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Home Selling

Asked by Christina 29 Apr 2011

I bought my property 2 years ago. If i want to sell it now, do I have to pay tax for selling a property less than 5 years after purchase?

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<en>Cassandra</en> <en>Tee</en> · Answer 1 · 2011-05-05T18:21:35+08:00

<en>Cassandra</en> <en>Tee</en>

Replied 5 May 2011

Sale of property less than 5 years old subject to RPGT - Real property gain tax of 5% on net profit.ie,gross profit - all expenses involve in the proceed of sales eg: interest on loan, agency fees, repairs,legal fees...ect

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