In forceUpdated to 31 Dec 2024Read it in Bahasa Malaysia

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Finance Act 2024 · Updated to 31 Dec 2024 · Chapter III · Amendments to the Real Property Gains Tax Act 1976

19. Amendment of section 3

The Real Property Gains Tax Act 1976, which is referred to as the “principal Act” in this Chapter, is amended in section 3—

(a)

in subsection (2)—

(i)

by deleting the word “total”;

(ii)

in the English language text, by substituting for the word “gains” the word “gain”; and

(iii)

in the English language text, by substituting for the word “assets” the word “asset”; and

(b)

by inserting after subsection (2) the following subsection:

“(2a) For the purposes of this Act, the chargeable gain accruing on the disposal of chargeable asset for a year of assessment shall be—

(a)

ascertained by reference to each disposal separately; and

(b)

treated as a separate chargeable gain from each disposal of chargeable asset for the year of assessment.”.

Report

Chapter IV

Amendments to the Stamp Act 1949

Chapter V

Chapter VI

Chapter VII