Real Property Gain Tax (RPGT) Tutorial 3 On 2 February 2016, Sen Heng signed as sale and purchase agreement to acquire a piece of land for RM 250,000. He made full payment of the purchase price on 10 June 2016 and took possession of the land on 11 June 2016. The title to the land was transferred to him on 10 September 2016. He then set up an organic farm on this land. His expenditure was as follows: RM Stamp duty on acquisition 4,000 Legal fees on acquisition 1,980 Drainage and irrigation system 13,500 Farm buildings 22,800 Fencing 5,600 Legal Fees to defend his tittle to the land 27,000 On 8th February 2019, he disposed of the entire organic farm for RM 677,000. His expenditure on disposal was as follows: RM Real estate agents' fees 16,500 Advertisement for sales 2,500 Valuations fees 1,000 Required: - Compute the real property gain tax for Sen Heng in respect of the disposal of the organic farm