Property transactions attract various types of taxes, often involving complex questions. One main question is whether profits made in property transactions are taxable under the Income Tax Act 1967 or the Real Property Gains Tax Act 1976. How will the taxes be assessed when properties are transacted between different parties, or transferred within the taxpayer’s same business? How will transactions involving shares in property companies be treated? How are property transactions by real property companies governed? This concise yet comprehensive book answers these baffling questions and other issues in relation to tax reporting and assessments of property transactions. It provides a practical understanding not only of the law but also of computation methods involved in taxation associated with the disposal, transfer, and conversion of property.