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Question 1 Ms Anita, ( non - Malaysian citizen ) an oil and gas engineering executive, bought a bungalow in Cyberjaya from Mr . Kassim,

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Question 1
Ms Anita, (non-Malaysian citizen) an oil and gas engineering executive, bought a bungalow in Cyberjaya from Mr. Kassim, for a consideration of RM 450,000. The Sales and Purchase Agreement was signed on 1 December 2018. The bungalow was effectively transferred to her on 1 March 2019 when the loan from the bank to finance the purchase was released to Mr. Kassim.
Ms. Anita incurred the following expenses to acquire the bungalow:
\table[[Expenditure,\table[[Amount],[(RM)]]],[Stamp duty,9,000],[Legal fees for obtaining a bank loan,10,000],[Legal fees to transfer the bungalow,12,000],[Agency fees to secure the acquisition,15,000],[Total,46,000]]
In May 2020, she spent RM 100,000 renovating the bungalow. In September 2020, the bungalow was flooded causing severe damage. A civil suit was filed against the developer whose nearby project was identified as the cause of the flood. The developer however settled the matter out of court by making a cash payment of RM 120,000 to Ms. Anita. An insurance company paid Ms. Anita RM 150,000 for the flood damages under a contract of insurance.
Owing to the fear of another flood, Ms. Anita decided to dispose of the property. She engaged an agent for this purpose. A prospective buyer, Mr Tan agreed to buy the bungalow for RM 500,000. He paid a deposit of RM 50,000 and proceeded to arrange for a loan with a bank. He was however not successful in his loan application and called off the deal.
Then, Ms. Anita sold the bungalow for RM 600,000 to Ahmad. Ms. Anita's cost related to the sale was as follows:
\table[[Expenditure,\table[[Amount],[(RM)]]],[Agency fees,18,000],[Valuation fee,60,000],[Legal fee for transfer of property,22,000?
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