by Editor Editor

Real Property Gains Tax After Death

‘In this world nothing can be said to be certain, except death and taxes.’ When a person passed on, the administrator/executor has to settle deceased person liabilities and taxes including Real Property Gains Tax (RPGT) before distributing the deceased person assets to the beneficiaries.

RPGT is a tax levied by the Inland Revenue Board (IRB) on the gains made from the difference between the disposal price and acquisition price of a property when a property owner disposes his/her portion of shares in the property.

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