Real Property Gains Tax Act 1976 (Act 169)
FIFTH SCHEDULE [Sections 4 and Subsection 7 (4)]
RATES OF TAX
PART 1
Except where Part II or Part III is applicable, the following rates of tax shall apply:
[Subs. Act 544:s:20]
| Category of disposal | Rate of tax |
 | |
| Disposal within two years after the date of acquisition of the chargeable assets | 30 per cent |
| Disposal in the third year after the date of acquisition of the chargeable asset | 20 per cent |
| Disposal in the fourth year after the date of acquisition of the chargeable asset | 15 per cent |
| Disposal in the fifth year after the date of acquisition of the chargeable asset | 5 per cent |
| Disposal in the sixth year after the date of acquisition of the chargeable asset or thereafter | Nil |
PART II
In the case where the disposer is a company, the following rates of tax shall apply:
| Category of disposal | Rate of tax |
| |
| Disposal within two years after the date of acquisition of the chargeable asset | 30 per cent |
| Disposal in the third year after the date of acquisition of the chargeable asset | 20 per cent |
| Disposal in the fourth year after the date of acquisition of the chargeable asset | 15 per cent |
| Disposal in the fifth year after the date of acquisition of the chargeable asset or thereafter | 5 per cent |
PART III
In the case of an individual who is not a citizen and not a permanent resident, the following rates of tax shall apply:
| Category of disposal | Rate of tax |
| |
| Disposal within five years after the date of acquisition of the chargeable asset | 30 per cent |
| Disposal in sixth year after the date of acquisition of the chargeable asset or thereafter | 5 per cent |
[Sub. Act 578:s:32]
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