5. On 10 October 2014, Cool Bhd (Cool) paid a deposit for the purchase of a property, although there was no written agreement. The legal title of the property was transferred to Cool on 4 April 2016 and Cool paid the full consideration to the seller on 12 June 2016. In 2018, Cool decided to sell the property and found a suitable purchaser. On 18 November 2018 it entered into a sales and purchase agreement (SPA) with the purchaser. The full consideration was received by Cool on 26 May 2019, and the legal title was transferred on 2 June 2019. The chargeable gain arising on the sale was RM500,000. What is the real property gains tax (RPGT) payable by Cool Bhd on the sale of the property? A B. c. D. RM150,000 RM100,000 RM25,000 RM75,000 6. In relation to the private residence exemption (PRE) for real property gains tax (RPGT) purposes, which of the following statements is FALSE? A The PRE is an exemption that an individual can only enjoy once in their lifetime B. Only Malaysian citizens or individuals permanently resident in Malaysia are eligible for the PRE C. A disposer is entitled to PRE only if an irrevocable written application to the Director General of the Inland Revenue is made D. The PRE is only available in respect of a private residence in which the disposer has resided 7. On 28 August 2019 Yen Sdn Bhd (YSB) disposed of a building in Malaysia for RM2,200,000. YSB had acquired the property on 12 December 2015 for RM1,000,000 plus legal fees of RM28,000 and stamp duty of RM12,000. During YSB's ownership, it incurred the following costs: Installation of a drainage and irrigation system Interest expense RM13,000 RM24,000 What is Yen Sdn Bhd's acquisition price of the property for real property gains tax (RPGT) purposes? A B. C. D. RM1,077,000 RM1,053,000 RM1,040,000 RM1,064,000