Funny how your solicitor forgot to quote you for filing CKHT 2A, which ought to cost RM/purchaser. Lucky you then!:P disbursements. Disposer to complete Form CKHT 3, CKHT 1A (for disposal of property) and/or CKHT 1B (for Real Property Acquirer to submit CKHT 2A with CKHT 3 to IRB. CKHT 2A [buyer/ acquirer] – for buying real property or RPC shares – use If the disposal comes under Income Tax Act , do not file CKHT.

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Secondly, with all due respect, why on earth do you want to help your lawyer? If loss was incurred in the earlier disposal1 of property held for more than 5 years, it is not deductible from the gain from the subsequent disposal2 of another property.

The certificate of non-chargeability is something new that the Inland Revenue Board IRB has introduced to confirm whether one is chargeable for tax. Therefore, only the amount of cash paid is to be remitted to IRB. That means I have to go to the land office every week? This is because it does not serve the purpose of facilitating easy payment of gains tax. Example 3c [para 3]: However, in calculating chargeable gain, the seller is allowed to deduct from the chargeable amount certain expenses as follows: While seller and purchaser can save costs by filing the forms themselves, bear in mind there is a penalty for making incorrect returns.

Your savings would not really be much, but if you ask me, it’s still money right?

The cumbersome formula will arrive at the same result. It applies to any disposal of real property but not real property company shares. Track this topic Receive email notification when a reply has been made to this topic and you are not active on the board. All this is based upon book value for the purpose of ascertaining whether or not a controlled company is an RPC.


SS – CKHT Form 2A for Purchasers | HHQ | Law Firm in KL Malaysia

Exemption is not deductible from the gain in disposal1 [disposing of only part of the land]but deductible from disposal2 when all 10 pieces of land have been sold. Thus, where there is a chargeable gain upon disposal of any real property, 2aa RPGT is applicable according 2w the rates in the table above. Attach documents in support of allowable expenditure incurred.

Every disposer and acquirer is required to fill the respective return form and submit it together with the relevant supporting documents 2x the nearest IRB branch. You would need to check with the developer on this,but MOST, if not all of the latest developments launched, the developer would market it as free legal fees. In this case, your solicitor will prepare the MOT for your execution.

If you insist on taking your own solicitor, the developer would most likely decline to pay for the legal fees involved. There is no distinction between individuals whether citizens or non-citizens, companies whether local or foreign, or permanent residents.

Upon doing both of the both, should I say that it’s completed the whole process of the purchasing of the condo?

Salient points of RPGT Guidelines | Johore Bar Committee

This is a new requirement. You’ve paid a ridiculous amount for fees, and you’ve got to run around figuring out other stuff for the new property you’re buying, so why bother assisting him? My lawyer was certainly appreciative of my efforts too. Calculation of acquisition price of 20, shares is as follows: When can I get a refund?

Dear Sir, Thank you for your website, it is highly informative. Powered by OrangeSoft Website Design. The consideration for transferring the property to the developer is that the Owner will get 8 terraced houses, and 2 corner terraced houses.


Asmah bought one house on Only a minor difference 40 sen appears between the two because of the fraction caused by the cumbersome formula. Can I also opt for my own cknt since I’m paying? It would be a complete waste of time, and like I said above it would appear to impede and undermine the work of your solicitor.

The amended assessment [for ckyt amount] will be issued. Or, heaven forbid, you have to sell, but the price has dropped. Wanted to know all the steps on this.

A disposal of a chargeable asset may not be liable to tax under the following circumstances:.

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Disposal of a terraced house by owner in example 3a on at RM, Calculation of gains tax payable is as follows: The Order takes effect this year, that is, from 1 January It’s ridiculous, to be honest. This is the refiance charges for my existing house borrower: It cannot be carried forward for deduction from the chargeable gain from the disposal of RPC shares and real property in the ensuing years [see para 33 dSchedule 2, RPGT Act ].

The seller may submit it at any time, i. That is to say, any loss in the disposal after 5 years is not deductible. Furthermore, you really really don’t want to go to a land office in Malaysia. Notify me of new posts by email. Conclusion Instead of adopting a simple procedure for taxpayers to pay tax, the authorities concerned have caused unnecessary inconvenience to the taxpayers.