KUALA LUMPUR, Oct 30 ― The removal of the Real Property Gains Tax will help invigorate the Malaysian property market and eventually translate into a positive multiplier effect on the economy, according to Malaysia Real Estate and Housing Developers’ Association .
Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz, when tabling Budget 2020 in the Dewan Rakyat yesterday, said the government will no longer impose the RPGT for property disposals by individual citizens, permanent residents and other companies starting from the sixth year onwards. Soam said the allocation in Budget 2022 will encourage more from the group towards home purchase as they now have easier access to home financing.
'The removal of the Real Property Gains Tax (RPGT) will help invigorate the Malaysian property market and eventually translate into a positive multiplier effect on the economy, according to REHDA' what a fucking load of bullshit