I am in the process of renouncing my Malaysian Citizenship. I have submitted my IC, Passport etc to the Malaysia Immigration office at the High Comm. about 2 months ago.
I inherited a piece of freehold agricultural land from my father. My question is, will there be a RPGT on this piece of land if I transfer the ownership to my children?
How much tax do I have to pay if I seel this piece of land?
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