Blog Categories
Selling & Property Gains Tax
The sixty-day RPGT filing clock that starts on disposal, the retention your buyer's lawyer withholds, filing when you sold at a loss or have no tax file, the family-transfer relief and the acquisition price your child inherits with it, and the documents that decide whether completion happens on time.
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Blog Categories
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| Blog Categories | Selling & Property Gains Tax |
|---|---|
| Content angle | Use this category before you accept an offer, not after you have signed. |
8 posts
Selling & Property Gains Tax
The RPGT clock starts the day you dispose, not the day you get paid
The statutory RPGT filing clock under section 13(1) starts on the exact date of disposal, not when completion takes place or purchase money is received. Understanding the sixty-day filing rule and the section 21B retention mechanism prevents costly penalties and legal complications.
Selling & Property Gains Tax
You sold at a loss - do you still have to file?
Disposing of real property at a financial loss does not extinguish your statutory obligation to file an RPGT return under section 13(1). Formally declaring an allowable loss to LHDN preserves tax relief for future real property gains and secures the return of withheld funds.
Selling & Property Gains Tax
Paying RPGT when you have never had a tax file
Selling real property without an active income tax file is a common hurdle for retirees, homemakers, and heirs. Registering a tax reference with LHDN allows you to fulfill statutory section 13(1) filing duties and complete conveyancing smoothly.
Selling & Property Gains Tax
Transferring a property to your child: the RPGT question
Gifting real property to your child without monetary consideration remains a disposal under the Real Property Gains Tax Act 1976. Schedule 2 paragraph 12(2) provides no-gain-no-loss relief for citizen donors, but critically defers the tax liability onto the child rather than erasing it.
Selling & Property Gains Tax
The things sellers forget until it costs them
Completing a property sale on time depends on documents and clearances that sellers routinely overlook before listing. Identifying missing titles, encumbrances, municipal tax receipts, and strata clearances early prevents expensive closing delays.
Selling & Property Gains Tax
Inheriting the previous owner's unpaid bills
Inheriting unpaid bills on a subsale property depends on which debts attach to the land and which remain personal liabilities of the former owner. Conveyancing searches and the lawyer's completion apportionment mechanism are designed to catch and deduct these arrears.
Selling & Property Gains Tax
Choosing a home inspector, and whether it is worth the money
Property inspection in Malaysia is an unregulated industry where technical competence varies widely. Evaluating an inspector based on their written, itemised, photographic report format determines whether your inspection fee delivers genuine legal and negotiating value.
Selling & Property Gains Tax
Selling an inherited property
Selling an inherited property triggers unique capital gains tax rules under the Real Property Gains Tax Act 1976. Understanding the market-value stepped-up acquisition price under Schedule 2 Paragraph 19(3A) contrasts sharply with lifetime gifts.