Quack.

The first thing I read today:

EXEMPTED.

Then:

"Real Property Gains Tax is abolished from April 1."

Wth...
Should I be happy, or irked?

As a normal citizen, I'll be happy as I do not need to pay tax when I sell (or buy) land, houses etc. in the future. I know it's for the good of the people and the economy (as a whole), but why now? Why did this happen only when the Iskandar Development Region (IDR) is set up?

But as a student, I'm somehow very irritated; I've learnt Real Property Gains Tax (RPGT) during this semester, and now it has to go down the dumps. And how would the Inland Revenue Board handle this? Will a new Public Ruling be handed down saying that RPGT is not assessable?
Or to be more precise, will this come out for P9 (CAT), Paper 2.3 and 3.2 this semester? :0

If this news came in somewhere around November or December last year, this wouldn't have to be very inconvenient for us!

I wonder how the tax lecturers would act to this.