Capital gains tax: More than expected
The Edge, 15 January 2024
In this interview, Soh Lian Seng, Head of Tax at KPMG in Malaysia, gave his insights on the capital gains tax (CGT). He explained that it is possible for property developers to gain more benefits as they usually hold properties such as development land through their unlisted subsidiaries, and gains or profits from the disposal of these properties before 1 March 2024 would be exempt from RPGT and CGT.
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