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Real Property Gains Tax (RPGT) is a direct tax in Malaysia to tax on capital gains, which covers gains from disposal of real properties and shares in Real Property Companies. Understanding the provision of law under Real Property Gains Tax Act, 1976 is the key in compliance, mitigating the tax exposures and opportunities for tax planning under lawful exemptions.
1. Introduction to Real Property Gains Tax (“RPGT”)
? The Scope of Charge
? The Chargeable Asset
? The Chargeable Person
2. The Basic Computation for RPGT
? How to Determine Date of Acquisition
? How to Determine Date of Disposal
? How to Compute Acquisition Price
? How to Compute Disposal Price
? Rates of Tax
3. RPGT Exemptions
4. No Gain and No Loss Disposals
5. Real Property Company (“RPC”) and RPC Shares as Chargeable Asset
6. Administrative Aspects
? Disposer’s responsibilities
? Acquirer’s responsibilities
? RPGT Assessments
? Audit and Penalties
7. Income Tax v RPGT
Ho Yi Hui has over 19 years’ experience in tax compliance and tax advisory assignments. She is now an Executive Director of Hanz Consulting Group Sdn Bhd (“Hanz”). Before joining Hanz, she worked with BDO Tax Services Sdn Bhd (“BDO”) and RSM Tax Services Sdn Bhd (“RSM”). As an Executive Tax Director of BDO and RSM, she has been involved in the provision of tax compliance matters of public listed companies, multinationals and medium to large private companies. She has handled tax matters for corporations of various sizes involved in construction, property development, hotels, insurance, and manufacturing. Since 2009, she has been extensively
involved in representing tax payers in resolving tax audit and tax investigation cases with the Malaysian Inland Revenue Board. In addition, she has assisted clients in the preparation of transfer pricing documentation. She is a fellow member of the Association of Chartered Certified Accountants (ACCA). Apart from this; she is a licensed tax agent under Section 153 of the Income Tax Act, 1967 and licensed GST Tax Agent under Section 170 of the GST Tax Act 2014. She is also a professional trainer certified by the Human Resources Development Fund (HRDF).