Real Property Gains Tax (RPGT) Calculation For A Deceased’s Property
1. By Way of Transfer & Transmission
• Transmission between Deceased to Executor/Administrator and the transfer between Executor/Administrator to the Beneficiary is deemed no loss or gain.
• In this event, no RPGT will be imposed.
2. Transfer of Deceased’s Property in Sub-sales Situation
• Transfer of Deceased’s property in sub-sales situation is depending on 2 factors:-
(a) By Way of Sale (Title registered under Beneficiary’s name)
| (i) Date of Acquisition | The date when the property being transferred to the Beneficiary |
| (ii) Acquisition Price | The date when the property being transferred to the Beneficiary |
(b) By Way of Sale (Title already transmitted into the Executor’s name) via Court Order for Sale
| (i) Date of Acquisition | The date of death of the Deceased |
| (ii) Acquisition Price | The value of the property when the Deceased passed away |
If you have any questions or require any additional information, please contact our lawyer that you usually deal with.
This article is written by
Yeo Soo Peng
Partner, Low & Partners
Chloe Yong Chi Yhin
Legal Associate, Low & Partners
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