The original purpose of the RPGT was to put a lid on property speculation. Today, it is still the main purpose but the RPGT also serves as a useful form of revenue for the Federal Government.
RPGT chargeable on individuals :
Category of Disposal
Rate of Tax
Disposal within two years after the date of acquisition
of the chargeable asset
30 per cent
Disposal in the third year after the date of acquisition
of the chargeable asset
20 per cent
Disposal in the fourth year after the date of acquisition
of the chargeable asset
15 per cent
Disposal in the fifth year after the date of acquisition
of the chargeable asset
5 per cent
Disposal in the sixth year after the date of acquisition
of the chargeable asset or thereafter
NIL
RPGT chargeable on companies
Category of Disposal
Rate of Tax
Disposal within two years after the date of acquisition
of the chargeable asset
30 per cent
Disposal in the third year after the date of acquisition
of the chargeable asset
20 per cent
Disposal in the fourth year after the date of acquisition
of the chargeable asset
15 per cent
Disposal in the fifth year after the date of acquisition
of the chargeable asset or thereafter
5 per cent
E5-02, Dataran Palma, Jalan Selaman 1/2, 68000 Ampang, Selangor.