i. the RPGT abolition will be gazetted on 1.4.2007; ii. Effective 1.4.2007, sellers/disposers and buyers/acquirers will no longer need to file CKHT 1 and 2 forms; iii. the RPGT abolition will apply to all disposals including by individuals and companies; iv. if a sale and purchase agreement (SPA) is dated prior to 1.4.2007, the seller/disposer and buyer/acquirer will have to file CKHT 1 and 2 forms, but if dated after 1.4.2007 then they need not file CKHT 1 and 2 forms. It depends on the date of the SPA and not on the completion date; and v. if a property is disposed prior to 1.4.2007 then the seller/disposer must declare any gain in his personal income tax returns. On the other hand, if it is disposed after 1.4.2007, then there is no need to declare any gain in the personal income tax returns.