RPGT & Monthly Income for Housing Loans

REAL PROPERTY GAINS TAX (RPGT) RATES
The RPGT Rates is as set out in Schedule 5 of the RPGT Act as follows:
DISPOSAL PERIOD TAX RATE FOR YEAR OF ASSESSMENT 2020
PART I PART II PART III

Other than Part II and Part III

[eg: individual, partnership, executor of the estate of a deceased person who is a citizen or a permanent resident]

Company incorporated in Malaysia or trustee of a trust

[eg: company, co-operative, association, society and organisation]

Individual who is not a citizen and not a permanent resident, or an executor of the estate of a deceased person who is not citizen and not a permanent resident, or a company not incorporated in Malaysia.

Disposal within 3 years after the date of acquisition
30%
30%
30%
Disposal in the 4th year after the date of acquisition
20%
20%
30%
Disposal in the 5th year after the date of acquisition
15%
15%
30%
Disposal in the 6th year after the date of acquisition
5%
10%
10%
Source: http://www.hasil.org.my/bt_goindex.php?bt_kump=5&bt_skum=7&bt_posi=1&bt_unit=1&bt_sequ=2&bt_lgv=2

We had come across on how much should be my salary if I want to get a bank loan with amount..bla bla bla. Therefore we simplified it with using the info below:

No. Monthly Income (RM) and Total Loan (RM) approved (estimate):

 Monthly Income (RM) Total Loan (RM) approved
 8,500.00 and above  600,000.00
 6,500.00 to 8,499.00  562,000.00
 5,500.00 to 6,499.00  525,000.00
 4,500.00 to 5,499.00  500,000.00
 3,500.00 to 4,499.00  475,000.00
 3,000.00 to 3,499.00  400,000.00
 2,500.00 to 2,999.00  350,000.00
 2,000.00 to 2,499.00  320,000.00
 1,500.00 to 1,999.00  260,000.00
1,200.00 to 1,499.00 210,000.00
1,000.00 to 1,199.00  150,000.00
 999 and below 120,000.00

Owning a property in Malaysia is never been easier as you can go online to look out for it. Let me attach for you a website for your first property hunting:

  1. https://www.iproperty.com.my/

On this video, let me share to you how to own your first investment property:

Or another common headache question:

https://www.youtube.com/watch?v=0fiM8x5vxcY
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