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
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