2 Kaur
RPGT computation
DOA : 9/11/2017 11/8/2018
DOD : 3/11/2021
RPGT rate : 20%
RM RM
Disposal price
Consideration received 900000
(-) Permitted expense
Extension of factory -240000
Free-standing cabinets 0 Free standing cabinet adalah PPE, so claim CA
(-) Incidental cost betul tu sbb cabinet tu takde bagi imp
Advertising fees -2000
Commission -19000
639000
Acquisition price
Consideration paid 320000
(+) Incidental cost
Stamp duty 5400
Legal fees 11600
Accountants' fees 300
Advertising costs 1000
(-) Recoveries
Forfeited deposit -17000
321300
Chargeable gain 317700
(-) Schedule 4 exemption
10000 or 10% of CG
Higher of -31770
Chargeable gain 285930
RPGT payable 57186
(b) Kaur despite bein a Malaysian citizen, is not eligible to claim the once in a lifetime exemption for the factory dispos
This is because that exemption only would be given for private residential disposal.
t adalah PPE, so claim CA
bb cabinet tu takde bagi improvement pun utk property tu
ption for the factory disposal.
(b) JL Sdn Bhd
RPGT Computation
DOA : 20/1/2015 1/19/2016
DOD : 15/1/2023
RPGT rate : 10%
in 8th years RM RM
Disposal price
Consideration received 600000
(-) Permitted expense
Repaint property 0
(-) Incidental cost
Valuation report -1500
598500
Acquisition price
Consideration paid 180000
(+) Incidental cost
Stamp duty 2600
(-) Recoveries
Insurance compensation -5000
177600
Chargeable gain 420900
RPGT payable 42090
(a) (i) The circumstances for DGIR to make an assessment on the acquirer:
(1) Where the consideration for the disposal consists of another asset (wether chargeable or not)
(2) Where both the disposer and the acquirer have failed to submit a return; and
(3) Market value as consideration on the disposal
(ii) No difference except that no deduction will be given for allowable losses suffered by the disposer where
the assessment is made on the acquirer.
e disposer where
Goldie Sdn Bhd
RPGT computation
DOA : 2/3/2020 3/1/2021
DOD : 21/11/2023
RPGT rate : 20%
in 4th year RM RM
Disposal price
Consideration received 3500000
(-) Permitted expense
Car showroom 0
3500000
Acquisition price
Consideration paid 1800000
(+) Incidental cost
Stamp duty and legal fees 63000
Interest on loan 0
(-) Recoveries
Insurance compensation -900000
963000
Chargeable gain 2537000
(-) Allowable loss -137000
2400000
RPGT payable 480000
2 Nurul
RPGT computation
DOA : 14/6/2014 6/13/2015
DOD : 15/1/2018
RPGT rate : 20%
4th year
RM RM
Disposal price
Consideration received 280000
(-) Incidental cost
Valuation report -1000
279000
Acquisition price
Consideration paid 220000
(+) Incidental cost
Stamp duty 6000
226000
Chargeable gain 53000
(-) Schedule 4 exemption
10000 or 10% of CG
Higher of -10000
Chargeable gain 43000
RPGT payable 8600
JNH Sdn Bhd
RPGT Computation
DOA : 20/1/2010 1/19/2011
DOD : 15/1/2018 8 years
RPGT rate : 10%
RM RM
Disposal price
Consideration received 300000
(-) Incidental cost
Valuation report -1000
299000
Acquisition price
Consideration paid 90000
(+) Incidental cost
Stamp duty 2000
(-) Recoveries
Insurance compensation -3000
89000
Chargeable gain 210000
RPGT payable 21000 Jawapan tulis 10500
(a) A private residence owned and occupied by Jenny would qualify for exemption,
provided that she has not made an election before.
(b) Joseph
RPGT computation
DOA : 7/7/2017 7/6/2018
DOD : 9/5/2023
RPGT rate : 0%
Disposal price RM
Consideration received 789000
(-) Permitted expense
Replacing roof 0
Free-standing cabinets
(-) Incidental cost
Agent fee -16000
Acquisition price
Consideration paid 499000
(+) Incidental cost
Stamp duty and legal fees -8900
Advertising costs
(-) Recoveries
Forfeited deposit
Chargeable gain
(-) Schedule 4 exemption
10000 or 10% of CG
Higher of
Chargeable gain
RPGT payable
(a)(i) Circumstances for DGIR to make an assessment on the acquirer under RPGT:
(1) The consideration paid consist of another asset (wether chargeble or not)
(2) Both disposer and acquirer fail to submit RPGT form.
(3) Market value to be taken as consideration.
(a)(ii) There is no difference in the calculation for acquirer and disposer except acquirer will not
be given deduction on allowable losses suferred by the disposer where the assessment is made
on the acquirer.
(b) Maslina
RPGT computation
DOA : 10/3/2021 3/9/2022
DOD : 2/3/2023
RPGT rate : 30%
in 2nd years RM RM
Disposal price
Consideration received 380000
Acquisition price
Deemed to be acquisition price of disposer 250000
(+) Permitted expense by disposer (disregarded) 0
250000
Chargeable gain 130000
(-) Schedule 4 exemption
10000 or 10% of CG
Higher of 13000
Chargeable gain 117000
RPGT payable 35100
(b) Julie
RPGT computation
DOA : 7/2010
DOD : 8/2023
RPGT rate : 10%
RM RM
Disposal price
Consideration received 580000
(-) Incidental cost
Agent -11600
568400
Acquisition price
Consideration paid 240000
Chargeable gain 328400
(-) Schedule 4 exemption
10000 or 10% of chargeable gain
Higher of -32840
Chargeable gain 295560
RPGT payable 29556
(a)(i) The acquirer is obliged to :
(1) Submit RPGT return form to Director General of Inland Revenue Board within 60 days
of the date of acquisition.
(2) Deduct and remit 3% of the consideration, ie RM24000
(ii) (1) The amount to be remitted by acquirer is 7% which is RM56000
(2) The amount to be withheld can be 3% or 5% depending on wether the company dispose the house
within 3 years or after 3 years. If within 3 years, the amount to be withheld will be 5% which is RM40000.
If dispose after 3 years, the withheld amount will be 3% which is RM24000
(3) The amount to be withheld can be 7% which is RM56000.
spose the house
which is RM40000.
