QUESTION 2: (30 Marks) Simon transferred a house owned by him to his wife, sally, for RM 378,000 on 3 March 2016. Simon incurred valuation fees of RM 1,800 in connection with the transfer. The market value of the house at the time of the transfer was RM 389,000. Simon bought the house on 5 May 2014 for RM 350,000 . He incurred stamp duty of RM 6,000 in connection with the purchase. In December 2014 , he received a sum of RM 18,000 as a compensation for damage to his house caused by renovation work carried out to the property next door. In 2015, he incurred a cost RM 68,000 to build an extension to the house and legal fees of RM 5,400 to defend the land title. Sally disposed of the house on 10 October 2019 for RM 490,000. She incurred RM 9,800 on agent's fee for the sale of the house. In 2018, a deposit of RM 28,000 was forfeited to her when an intended buyer called off her deal. Simon and his wife, sally are citizen and tax resident of Malaysia. Required: a) State with explanations, the RPGT position of Simon on the disposal of his house to sally. ( 3 marks) b) Compute the RPGT payable by sally on the disposal of the house on October 2019. (20 marks) c) Explain one exemption available under RPGT for resident individual in Malaysia (other than Schedule 4 exemption). (4 marks) d) State three no-gain-no-loss transaction