Asked by Chris
My dad and his sister bought commercial property in 1998. In 2022 he transferred his 50% ownership to my mum by way of gift of love and affection. Now my mum needs to sell the property. Both dad and mum are Malaysians. Will there be RPGT payable by my mum? If so, is the RPGT of 30% for selling within 1 year of ownership be calculated based on chargeable gain dating from 2013 market price of property or 2022 market price when my mum took ownership?
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