REAL PROPERTY GAINS TAX (EXEMPTION) (NO. 4) ORDER 2003 [P.U. (A)
451]
(Gazetted on 11 December, 2003)
IN
exercise of the powers conferred by subsection 9(3) of the Real Property Gains
Tax Act 1976 [Act 169], the Minister makes the following order:
Citation
and commencement
1.
(1) This order may be cited as the Real Property Gains Tax (Exemption) (No.
4) Order 2003.
(2)
This Order is deemed to have come into operation on 13 September 2003.
Exemption
2.
The Minister exempts any person from the payment of real property gains tax in
respect of chargeable gains accruing on the disposal of any chargeable assets
to a Real Estate Investment Trust (REIT) or a Property Trust Fund (PTF) which
is approved by the Securities Commission.
Made
17 November 2003
[Perb.
CR(8.09) 294/6/4-9 (Sj. 5) Vol. 3 (Sk. 4);
LHDN.
01/35/(S)/42/23/7; PN(PU2)325/II]
On behalf and in the name of the Minister of Finance
DR.
NG YEN YEN
Deputy Minister of Finance II
[To be laid before the
Dewan Rakyat pursuant to subsection 9(4) of the Real Property Gains Tax Act
1976]
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