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The following scenario relates to the next five (5) questions Bob, a tax resident in Malaysia, sold his office building for RM750,000 on 25 October
The following scenario relates to the next five (5) questions Bob, a tax resident in Malaysia, sold his office building for RM750,000 on 25 October 2020 (i.e. date of sales and purchase agreement). He had incurred the following expenditures in connection with the sale as follow: Valuation fee Cost of advertisement Brokerage fees RM 10,200 2,700 19.200 Bob acquired the office building at a consideration of RM525,000, which was paid in full on 20 October 2016. The office building was transferred to him on 20 April 2017. There was no written agreement for the purchase of the office building. Other costs incurred were as follows: RM Stamp duty on transfer 5,250 Cost of extension to the office buildings 75.000 Legal expenses in defending the title of the office building 5.700 In July 2020, Bob had received RM46,800 from a developer as compensation for damages to the office building caused by piling work carried out on the adjacent land. In addition to that, Bob also had received RM17,700 from the insurance company for the said damage. In April 2020, Bob had received RM16,200 from a potential buyer, who eventually called off the deal, thus forfeiting his deposit. What is the amount of the net gain subject to RPGT? 2 points RM190,786. RM187,650 RM194,743. RM168,885. When is the due date for Bob to submit the RPGT form? 2 points On or before 19th February 2021. O On or before 19th January 2021 On or before 19th December 2020. On or before 19th November 2020 What is Bob's Real Property Gain Tax (RPGT) obligation on the disposal of 2 points the office building? Bob is required to submit CKHT 2A to the Inland Revenue Board Bob is required to submit CKHT 2B to the Inland Revenue Board Bob is required to submit CKHT 1A to the Inland Revenue Board. Bob is required to submit CKHT 1B to the Inland Revenue Board. The following scenario relates to the next five (5) questions Bob, a tax resident in Malaysia, sold his office building for RM750,000 on 25 October 2020 (i.e. date of sales and purchase agreement). He had incurred the following expenditures in connection with the sale as follow: Valuation fee Cost of advertisement Brokerage fees RM 10,200 2,700 19.200 Bob acquired the office building at a consideration of RM525,000, which was paid in full on 20 October 2016. The office building was transferred to him on 20 April 2017. There was no written agreement for the purchase of the office building. Other costs incurred were as follows: RM Stamp duty on transfer 5,250 Cost of extension to the office buildings 75.000 Legal expenses in defending the title of the office building 5.700 In July 2020, Bob had received RM46,800 from a developer as compensation for damages to the office building caused by piling work carried out on the adjacent land. In addition to that, Bob also had received RM17,700 from the insurance company for the said damage. In April 2020, Bob had received RM16,200 from a potential buyer, who eventually called off the deal, thus forfeiting his deposit. What is the amount of the net gain subject to RPGT? 2 points RM190,786. RM187,650 RM194,743. RM168,885. When is the due date for Bob to submit the RPGT form? 2 points On or before 19th February 2021. O On or before 19th January 2021 On or before 19th December 2020. On or before 19th November 2020 What is Bob's Real Property Gain Tax (RPGT) obligation on the disposal of 2 points the office building? Bob is required to submit CKHT 2A to the Inland Revenue Board Bob is required to submit CKHT 2B to the Inland Revenue Board Bob is required to submit CKHT 1A to the Inland Revenue Board. Bob is required to submit CKHT 1B to the Inland Revenue Board
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