4. (25 marks) Murni, a Malaysian citizen, was gifted a two-story property by his father on 23.6.2018, when the market value was RM300.000. The father RM2,000 and stamp duty on the grant of RM1,000. Murni renovated the property at a cost of RM150,000 and incurred legal fee to defend the transfer of property ownership at a cost of RM15,000. Murni lives on the second floor of the property, and the ground floor is used as a hair salon that she owns. An electricity circuit trip happened at the hair salon, and she claimed insurance recoveries amounting to RM30,000. She also received RM6,000 in compensation from the neighbour, whose negligence caused damage to the property where she resides. Murni's business expanded so much that she decided to move to a more strategic location. She had a potential buyer for the two-story property with deposit of RM10,000. Yet the buyer cancelled the intention, and the deposit was forfeited. Murni incurred RM5,000 in agency fees to find a buyer and finalise the sales transaction. She also paid RM3,000 in legal fees and stamp duty on the property disposal. The new buyer settled the RM500,000 purchase price on 20.6.2022 and change of ownership on the grant on 30.3.2022. 60% of the selling price is for the ground floor business premise, and the remaining 40% is for the second floor residential. Murni had an allowable loss of RM12,000 from another property that she disposed of earlier. Required: Justify the deemed acquisition price of Murni. Murni had never claimed for Real Property Gain Tax (RPGT) exemption once in a lifetime. State the condition of the exemption entitlement. Then, compute the RPGT with the claim of RPGT exemption once in a lifetime. (25 marks)