Finance (No. 2) Act 2023 · Updated to 29 Dec 2023 · Chapter III · Amendments to the Real Property Gains Tax Act 1976
37. Amendment of section 13
Feedback & supportSection 13 of the principal Act is amended in subsection (1)—
(a)
in paragraph (b), by deleting the word “and” at the end of the paragraph;
(b)
in paragraph (c), by substituting for the words “submit a written valuation of the asset by a valuer.” the words
“containing the market value of the asset based on a valuation made by a valuer;”; and
(c)
by inserting after paragraph (c) the following paragraphs:
“(d) specifying the chargeable gain and the amount of tax payable (if any) on that chargeable gain for that disposal; and
(e)
containing such particulars as may be required by the Director General.”.