New RPGT forms available for disposal of real properties and shares in a real property company on or after 1 January 2010

With the recent amendments to the Real Property Gains Tax (RPGT) Act, 1976, the Inland Revenue Board (IRB) has introduced a new set of RPGT forms for disposals and acquisitions of chargeable assets on or after 1 January 2010. The set of forms consists of the following:

i. RPGT 1A Disposal of real properties;

ii. RPGT 1B Disposal of shares in a real property company;

iii. RPGT 2A Acquisition of real properties or shares in a real property company;

iv. RPGT 3 Notice for obtaining information pertaining to a chargeable asset; and;

v. Declaration Form for election for tax exemption (in respect of private residence) under paragraph 9 Schedule 3 of RPGT Act 1976.

CTIM Members may view the forms at the website of the IRB at http://www.hasil.gov.my/lhdnv3/index.jsp?process=8000&categoryText=&isDisplayRightSide=false&category=8&tahunTaksiran=-