Question
Kajala, a Malaysian resident, disposed of her properties as follows: In 2013 she sold a shophouse for RM320,000 which she had bought for RM360,000. The
Kajala, a Malaysian resident, disposed of her properties as follows:
In 2013 she sold a shophouse for RM320,000 which she had bought
for RM360,000. The shophouse was sold within two years after the date of
acquisition
In 2016 she sold a bungalow lot for RM490,000 and incurred agents fees of
RM6,800 on the disposal. She had bought the bungalow lot for
RM480,000. The bungalow lot was sold in the fifth year after the date of
acquisition.
On 13 May 2017, she sold a townhouse for RM280,000. She had bought
the townhouse for RM185,000 on 6 April 2014.
RPGT rate are as follows:
Disposal | RPGT rates |
| |
| Companies | Individuals |
|
Within 3 years | 30% | 30% |
|
In the 4th year | 20% | 20% |
|
In the 5th year | 15% | 15%
|
|
In the 6th and subsequent year | 10% | 5% |
|
Kindly assist me to solve this tax question
Compute the real property gains tax payable in respect of each of the above disposals.
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