Malaysia legislation

Section 69A

of *FINANCE ACT 2018

Section 69A

Amendment of Schedule 2

The Real Property Gains Tax Act 1976 which is referred to as the

“principal Act” in this Chapter, is amended in Schedule 2—

(a)

by inserting after paragraph 2 the following paragraph:

“2A. For the purposes of this Schedule, where a disposal is subject to tax under Part I of Schedule 5, references to 1 January 1970 shall be construed as references to 1 January 2000.”; and

(b)

in subparagraph 12(2)(c), by deleting the words “where the gift is made within five years after the date of acquisition by the donor,”.

Amendment of Schedule 3