Selling Property in Malaysia as a Foreigner: RPGT and the 7% Retention Sum
Foreigners selling Malaysian property pay RPGT on the gain, and the buyer must hold back 7% of the price for the tax authorities. How the rates and retention sum work.
Subsale
When Does Time Start Running in a Property SPA?
When does the vacant possession clock start in a property SPA? The Federal Court in Icon City v Lee Kean Hwa held that it runs from the date the approvals are actually obtained, and later amendments to building plans don’t restart it.