1. Which of the following statements relating to real property gains tax (RPGT) is true? A Residential properties in Malaysia do not fall within the scope of RPGT B. The disposal of a property in Malaysia is not subject to RPGT if rental income derived from the property has previously been assessed to income tax C. Both RPGT and income tax may apply at the same time on a gain arising from the disposal of a property in Malaysia D. The disposal of a property located outside Malaysia, by a Malaysian citizen, is not subject to RPGT Albert and his wife, Catherine, sold a jointly owned Malaysian property on 30 June 2020 for RM3 million. They had each purchased 50% of the property four and a half years previously for a total of RM2 million. Albert is a Malaysian citizen and Catherine is an Australian citizen and both are non-residents. What is the total real property gains tax (RPGT) payable in respect of the disposal on 30 June 2020 by Albert and Catherine? 2. A B. C. D. RM202,500 RM217,500 RM300,000 RM225,000 3. Raymond, a Taiwanese citizen, disposed of a property in Johor, Malaysia in May 2020 for RM1.4 million. Raymond had purchased the property in April 2017 for RM780,000. He also incurred stamp duty and legal costs associated with the purchase totaling RM35,000. Raymond spent RM100,000 in April 2016 building a balcony to the master bedroom. What is Raymond's chargeable gain for real property gains tax (RPGT) purposes, on the disposal of the property in May 2020 after taking into account ali possible deductions and exemptions? A. B. C. D. RM485,000 RM526,500 RM520,000 RM436,500 4. Which of the following factors is NOT relevant in determining whether a gain made by a company from the disposal of real property is income or capital in nature? A MUA The length of ownership of the asset The intention of the company at the time the asset was acquired Whether the company is a private or public limited company Whether the company has any experience in trading in real property