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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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4 Answers

Jezmine Cheah
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Hi, RPGT only applied when u making profit from selling your property. Since you selling in loss you would be getting tax by LHDN. Read More
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  • HD
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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
Loharaj .
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Hi. Loharaj here, registered property agent. Kindly do contact me at 0168040477  or email at loharajshan@gmail.com . Let me assist you. Thank you Read More
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YC Lee
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Good day.Kindly contact me at 0177854150  and will be glad to be of assistance :)Thanks, YC Read More
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Mohd Bukhairy
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RGGT may not applicable as you dispose less then purchase price. However stampd duty will be based on market price..

Khairy 0139482413  Read More
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