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NET SALE PROCEEDS CALCULATOR
Estimate your net proceeds from the sale of your factory or warehouse in Penang after deducting various items including PDC & State Consent Fees, Bank Redemption, RPGT, various Professional Fees.
Compare different scenarios in a table.
Fee Structures & Calculation Logic
This calculator employs a specific logic derived from the Penang State Land Rules, PDC Guidelines, and the Real Property Gains Tax (RPGT) Act 1976. Below is the breakdown of how your estimated proceeds are derived:
A. Vendor Classification & Tax Status
The calculator distinguishes between “Land Law” classification and “Tax Law” classification, which is critical for Foreign-Owned Sdn Bhds:
For State Land Matters (Consent/Levy): A company with >50% foreign shareholding is classified as a Foreign Company (NLC Section 433A).
For Federal Tax (RPGT): A Foreign-Owned Sdn Bhd incorporated in Malaysia is treated as a Local Company (RPGT Act Schedule 5, Part II), enjoying lower tax rates than foreign individuals.
B. State & Quasi-State Regulatory Costs
PDC Consent Fee: Applicable only to leasehold land alienated by the Penang Development Corporation (PDC).
Non-Operating/Vacant Land: Calculated at RM10.00 psf (Mainland) or RM20.00 psf (Island).
Operating Factory: Rates are generally discounted (approximated at 50% of the non-operating rate for estimation purposes).
State Authority Consent: Mandatory for transfer of leasehold titles or transfers to foreigners.
Industrial Rate: Hardcoded at RM40,000 for Foreigners and Foreign-Owned Sdn Bhds.
State Levy (Foreign): A 3% levy on the Sale Price is applied to purchases by foreign interests.
C. Federal Taxes (RPGT)
Real Property Gains Tax is calculated on the Chargeable Gain (Sale Price minus Original Price and Allowable Expenses).
Holding Period: Calculated from the date on the SPA (Purchase) to the SPA (Sale).
Rates (2024/2025):
Individuals: 30% (Years 1-3), 20% (Year 4), 15% (Year 5), 0% (Year 6+).
Companies (Inc. Foreign-Owned Sdn Bhd): 30% (Years 1-3), 20% (Year 4), 15% (Year 5), 10% (Year 6+).
Foreigners (Individuals/Foreign Reg. Co): 30% flat (Years 1-5), 10% (Year 6+).
Transaction Fees
Legal Fees: Estimated based on the Solicitors’ Remuneration Order (SRO) 2023 scale:
1.25% on the first RM500,000.
1.00% on the next RM7,000,000.
Agency Fees: Estimated at the standard industry rate of 2-3.00%.
SST: A Service Tax of 8% is applied to both Legal and Agency professional fees.
Data Sources & Regulatory References
The logic used in this tool is based on the following Malaysian regulatory standards. Users are encouraged to verify details with the respective authorities.
Real Property Gains Tax (RPGT):
Source: Inland Revenue Board of Malaysia (LHDN)
Reference: LHDN RPGT Guidelines
Legal Fee Scale (SRO 2023):
Source: The Bar Council Malaysia
Reference: Solicitors’ Remuneration Order 2023 Gazette
Estate Agency Fee
Source: Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP)
Reference: Standard 7: Real Estate Agency Fees
Penang State Land Law & Consent:
Source: Pejabat Tanah dan Galian Pulau Pinang (PTG)
Reference: PTG Penang Portal
PDC Guidelines:
Source: Penang Development Corporation
Reference: PDC Industrial Park Guidelines
General Disclaimer: The tools and calculators provided on PenangIndustrial.com are designed for preliminary estimation and strategic planning purposes only. While every effort is made to ensure accuracy based on current Malaysian standards and guidelines, these results do not constitute official technical or financial advice. Users are strongly advised to consult with qualified professionals (Surveyors, Engineers, Accountants, Valuers or Solicitors) before making final investment or operational decisions. PenangIndustrial.com assumes no liability for errors, omissions, or decisions made based on these estimates.
