C$.$ Andy bought a company's apartment from his employer, DoubleWin Sdn Bhd for

RM$260,000$ in $2014.$ In order to expedite the transfer of property, he submitted the

instrument of transfer to be stamped together with the valuation report by private

valuer and bank guarantee.

REQUIRED:

$($a$)$ Compute the stamp duty and the amount of bank guarantee required by the

IRBM.

$(4$ Marks$)$

$($b$)$ Assuming the market value of the apartment as ascertained by the government

valuer is RM$510,000,$ compute the additional stamp duty and penalty $($if any$)$

to be paid by Andy