Under Budget 2013, the Government has proposed the RPGT from the disposal of properties made within a period not exceeding two years from the date of purchase will be taxed at the rate of 15% and at 10% for disposal of property within a period of two to five years.
This represents an increase from the present RPGT regime, where RPGT of 10% is applied to properties held and disposed of within two years, and a rate of 5% was maintained for properties sold within the third, fourth and fifth years after purchase.
Source: The Star
Comments
Post a Comment