TaXavvy Issue 09/2024

In this issue:

Guidelines for Capital Gains Tax (CGT) on Unlisted Shares

Following the passing of the CGT legislation via the Finance (No. 2) Act 2023, the Inland Revenue Board has issued the Guidelines for CGT on Unlisted Shares (hereinafter referred to as “CGT Guideline”) dated 1 March 2024 to provide guidance and addresses various important questions in relation to implementation of CGT.

This TaXavvy edition covers:

  • Overview of CGT
  • Highlights from the CGT Guideline
  • General information on CGT to date

TaXavvy is a newsletter issued by PricewaterhouseCoopers Taxation Services Sdn Bhd. While every care has been taken in compiling this newsletter, we make no representations or warranty (expressed or implied) about the accuracy, suitability, reliability or completeness of the information for any purpose. PricewaterhouseCoopers Taxation Services Sdn Bhd, its employees and agents accept no liability, and disclaim all responsibility, for the consequences of anyone acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. Recipients should not act upon it without seeking specific professional advice tailored to your circumstances, requirements or needs.

 

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