Under Budget 2010, effective from 1st January 2010, Real Property Gains Tax (RPGT) has been re-imposed and it has fixed at 5% on the gains from the disposal of real property. The RPGT for the first year is 5% and it’s same for 2nd, 3rd, 4th and 5th year whereas previously the Real Property Gains Tax (RPGT) is progressive from 0 to 30 percent, depending on the property holding period.
Previous Real Property Gains Tax RPGT Rates
The below rates apply for disposals before 1st Jan 2010.
| Category of Disposal | Rate of Tax (%) |
| Disposal within 2 years | 30 |
| Disposal in the 3rd year | 20 |
| Disposal in the 4th year | 15 |
| Disposal in the 5th year | 5 |
| Disposal in the 6th year and subsequent years | 0 |