RPGT - Sch 4 exemption
3 important questions on RPGT - Sch 4 exemption
What is the part exemption for the disposal of an entire asset under Schedule 4 for individuals?
Part exemption is provided under Schedule 4 to the greater of:
- RM10,000 or
- 10% of chargeable gain.
How is part exemption calculated for the disposal of part of an asset for individuals?
Part exemption is given as the greater of:
- Area of RP disposed/Total area of RP x 10,000
- 10% of the chargeable gain.
What is the tax treatment of partial disposal of a chargeable asset?
For partial disposal:
- Acquisition price apportioned based on area disposed.
- Permitted expenses like enhancement cost and defending title cost may need apportioning based on exam details.
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