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Tutorial rpgt 1_2022

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2024428686
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© © All Rights Reserved
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REAL PROPERTY GAINS TAX ACT 1976 - TUTORIAL 1

1. Azman bought a house for RM300k in Feb 2018. Due to financial difficulties he was
forced to sell the property to his friend Amin for RM330,000. Compute the RPGT
payable by Azman if the sale was executed in
i) October 2021.
ii) May 2022

2. David bought a freehold semi-detached house on 1 st March 2017 for RM450,000.


Six months later cracks appeared on the floor in the porch area and David
succeeded in recovering RM3000 from the developer for the damage. On 1 st June
2017 David entered into an agreement to sell the property to his Peter for
RM600,000. Peter paid a deposit of RM6,000. However, Peter was unable to raise
a loan and the sale was cancelled. A year later part of the master bedroom was
destroyed by fire and David was paid a sum of RM10,000 under its fire insurance
policy.

Finally, David sold the property to his friend John for RM750,000 in February 2020.
Determine the RPGT payable by David.

3. Due to his old age, En Hamid a widower sold off his properties on 28th Oct 2021 as
follows:
i- a 10 hectare rubber land for RM350,000. The land was bought from a friend
in November 2017 at market value of RM290,000
ii- a shop- house in Ipoh for RM200,000. He bought the shop-house in
December 2019 for RM250,000.

Determine the amount of RPGT payable by En. Hamid if any for the year of
assessment 2021.

4. Aiman has bought a 3 storey detached house in a residential area at the town centre
4 years ago at market value of RM1,200,000. The property was bought through an
estate agent who charged RM36,000 and legal fees incurred were RM12,000. A year
after he purchased the property, he constructed a front porch for RM18,000. In the
second year, he managed to get a prospective buyer for the property who paid an
earnest deposit of RM30,000 but subsequently, the purchaser defaulted and Aiman
forfeited the deposit. Early last year an uncontrolled lorry had smashed into the front
gate of his house causing severe damage to the gate. Aiman claimed for damages
and was awarded RM10,000. In the middle of last year, Aiman extend his kitchen at
a cost of RM12,000.

Finally, Aiman has intended to sell his property in this coming August to his cousin at
RM1,880.000. The current Market Value is at RM2 million. He requested your advice
on the amount of RPGT that he may have to bear in accordance with the Real
Property Gains Tax Act 1976 (Amended). You also need to suggest a way to
minimize the RPGT payable against Aiman.

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