TAX QUESTIONS? YOU ASK LAH!

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Q: Can loan interest be considered as incidental cost in the calculation of Real Property Gains Tax (RPGT)?

A: No, because loan interest is not part of the incidental costs used for the calculation of acquisition price or disposal price as stated in the Real Property Gains Tax (RPGT) Act.


Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

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