Basis of Taxation
The chargeable gains arising from the disposal
of any land situated in Malaysia or any interest,
option or other right in or over such land or
the disposal of shares in a 'real property company'
is subject to Real Property Gains Tax.
Rates of Tax
| Category of Disposal |
Company (%) |
Individuals &
Other Person (%) |
Disposal within 2 years
|
30 |
30 |
Disposal in the 3rd year
|
20 |
20 |
Disposal in the 4th year
|
15 |
15 |
| Disposal in the 5th year |
5 |
5 |
| Disposal in the 6th and subsequent years |
5 |
0 |
The above rates apply for disposals on or after
27 October 1995.
An individual who is not a citizen and not a
permanent resident is subject to the following
rates:
| Category of Disposal |
Rate of Tax (%) |
Disposal within 5 years after the date of
acquisition of the chargeable asset
|
30 |
Disposal in the 6th and subsequent years
after the date of acquisition of the chargeable
asset
|
5 |
| These rates apply for disposals
on or after 17 October 1997 |
|
