Question
Please help 'CAF Sdn Bhd (CAF) disposed of a ten-storey building in the year 2015. The building had been acquired in the year 2007 for
Please help
'CAF Sdn Bhd (CAF) disposed of a ten-storey building in the year 2015. The building had been acquired in the year 2007 for RM315,000, and CAF had incurred RM13,000 on the cost of transfer and legal fees. Shortly after the acquisition, the top floor of the building was destroyed by fire and CAF received RM30,000 from its insurance company as compensation for the damage. However,CAFonly spent RM25,000 of the compensation on repairing the floor. What is the acquisition price of the building for the purposes of real property gains tax? (4m)
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