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Question 4 Vincent is a production engineer of High Tech Sdn. Bhd. since 2019. In 2021, Vincent disposed of two properties with the details as
Question 4 Vincent is a production engineer of High Tech Sdn. Bhd. since 2019. In 2021, Vincent disposed of two properties with the details as follows: Shop lot 1 January 2019 30 June 2021 210,000 Condominium Date of acquisition 1 August 2018 Date of disposal 31 October 2021 Cost (RM) 350,000 Insurance compensation for damages to the property. (RM) 20,000 Incidental costs on acquisition 3,000 Incidental costs on disposal 4,000 Selling price 500,000 12.000 10,000 230,000 Required: Compute the real property gains tax payable by Vincent for the year of assessment 2021
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