3. Identify whether each of the following is taxable or not for Real Property Gain Tax (RPGT). Justify the answer. No computation is required. (i) (ii) Jakel Corporation Bhd is a trading company. It owns a shop building with purchase price of RM300,000 in 2015. In 2022, the building was severely damaged in a fire, and compensation was received from the insurance company of RM500,000. Zent Corporation Bhd is a manufacturing company. It owns a factory with purchase price of RM400,000 in 2014. In 2021, the factory was damaged by a blow caused by an overheated machine. The compensation received from the insurance company is RM80,000. (iii) Build Bhd is a real property developer. The company owns land for its development project and to be sold to customers. The government had compulsorily acquired the land to develop roads for the public use. The government's compensation received is RM50,000 per acre. (iv) Aurther & Partners is a legal firm that owns a building in Penang that the firm intends to use as a new office. The building was compulsorily acquired by the state government for RM400,000 in compensation. (v) Encik Roslan is a Malaysian citizen. He gifted a house in Kuala Lumpur to his daughter, Nely, as a wedding gift. (vi) Mr Gan is a Singaporean citizen residing in the home country. At the age of 70, he transferred the ownership of a commercial property he owned in Johor Bahru to his son. (vii) Mrs Suha, a Malaysian citizen, invested in a factory building she owns as a capital contribution in a family business. She received company shares equal to 100% of the property's market value. (viii) Due to economic constraints, Azmi, a Malaysian citizen, sold the only house he owned so far for RM350,000 on 7.5.2021. (ix) Bina Sdn Bhd (BSB) is a real property company owned by Corporate Holding Bhd (CHB). In 2022, CHB sold its entire shareholding in BSB to Maju Berhad for a consideration of RM3.5 (x) million. Jaya Bhd diversified from agriculture to property development. A land value of RM1 million charged as a fixed asset is transferred to the current asset when the market value is RM2.5 million. (25 marks)