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PLC Latest Tax Update:Disposal by way of Gifts

Sell Assets or RPC after 5 years of ownership as GIFTS Donor & Recipient are:

Husband, Wife, Parents & Child or Grandparent/Grandchild

Deemed as No-Gain-No-Loss Transaction

Acquisition Price to RECIPIENT

Will follow ORIGINAL Acquisition Price of the DONOR

NOT applying Market Value of Assets when transfer Gifted

(PLC Tax Consultants Sdn Bhd @ 翻印必究 Copy Rights Reserved)

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