Please enable JavaScript.
Coggle requires JavaScript to display documents.
Real Property Gain Tax (Disposal Date & Acquisition Date (Not written…
Real Property Gain Tax
- Capital receipts from real property
-
-
-
exemption deducted against chargeable gain and the remaining tax @ 30%,20%,15% or 5%
Do not apply to company, or partnership
- Disposal Date & Acquisition Date
-
-
-
Conditional agreement, Date = agreement date
If conditions involve government authority, date = when all conditions are satisfied
disposal of landed property (there is possibility for either income tax or RPGT, depending on the nature of the asset
-
Defined
-
-
-
Standing timber, tree corps growing on land
-
Includes
-
Incidental cost (legal fee, tax agent and stamp duty)
-
-
-
-
- Allowable loss and relief
-
-
-
Non citizen or non PR, deem disposed at market value
Recipient deemed acquires @ acquisition price paid by donor plus permitted expenses incurred by donor
- Individual transfer to real property to company
no gain no loss provided the consideration compromises at least 75% in shares issued by that company and the balance by money payment.
-
- Private Resident Exemption
-
-
-