2. CONFIDENTIAL (20 points) En Suhaimi, a Malaysi He used the : yysian citizen, sold a residential ty on 16 tz Property on 16 April 2018. He used the money to settle his mortgage loan, including interest of RM4-600 incurred on the loan’ He acquired the property on ‘for RIM2G99000 He incurred a — and! i ‘on the acquisition. While holding the propert and he received an insurance compensation of RM8,760. V On GRUSRUSRREOFE, owing to some issues with the wife, he decided to sell the property and accepted a deposit of RM3,000 from a potential buyer. However the deal did not go through and he forfeited the deposit. He then engaged an agent wno managed to sell the property for "The agsei-chai@gedlIRM&50 for valung the property and RMBS7STorzavertSING n behalf of En Suhaimi, The ageneyifeswasiRMS;256, Required: : a) Compute the real property gain tax (RPGT) chargeable @EESUNEIGIND respect of the disposal of the property. (10 points) b) Explain the consequences to En Suhaimi if he had gifted the property to his 15 years old daughter in April 2018? (5 points) c) _List FIVE (8) circumstances where disposal price should be deemed at market value, (5 points)CONFIDENTIAL (20 points) Enck Manat hd acquired a ummagsaanced proper HRSIERORZERENSERNGOESTB) He signed the agreement on ameter sn rd sled the payment on 1 October 2015, He had Fs Nowe, apts PuPEHE The property ownership was then ranstred toh name on Y giaig"? 8 PCPS, Eck Manat ean AREBSTOERSEIO 23 gutters Upon scqusten, nck Manat on 16 Sey yas affected by flood, and he! tao managed io mas On 31 October 2016, Ensk Manat was apreaced by 2 bye. Eek Alt (POpERH Encik As snd he proceeded to make an af font cnx Aone Wi eppeaton wed Eck Mane! e868 the depost LV Encik Manats brother had fled a claim forthe ownership ofthe property. Enck Manaf then hired a lawyer whe successfully defend his ight to total ownership, Thet legaiNeeIWaS Vc Man ard an agreement forthe sale wee sed on he payment was sctled ov 17 sume 2018, The ownership was Tanctered to Meee ae 1 Jay 2019. In secuing a byerfor he pope, Enck Maat hacen PERE) ‘valuation fe toaing RMB.171 + brokerage fee toting RIVE quire Re How to determine the disposal date and acquisition date on the isposal of real property (5 points) Determine the disposal date and acquistion date on the disposal of En, Manat propery (2 points) List THREE (3) incidental cost incurred by En. Manaf on disposal and acquistion of the property. (3 points) ‘Compute the real property gain tax (RPGT) chargeable tolEIMaRaPin respect of the isposal ofthe propery (10 points) eo» » a 4‘CONFIDENTIAL 2 2 points) On 12 January 20 aa Acauied a piece of land for saying stamp duty porn ag ender or without any valuable cons elton ais a oe pct rs. BI 2 fer fro n Bhd to ature the piece of lane s rane Ate Sdn Bhd subsequenty decided na to pave re aoguntion and 10 Zen Sdn Bh ‘on valsaton fees in relaton tothe asposal of he and. Required: 8) Explain the real property gains tax impcation ofthe git of land from Rosma to Khai ‘on Maren 2012 (@ pons) » ty gains tax (RPGT) arising trom the disposal ofthe land by 6 February 2018. Clearly Gently the dieposal price and the sequiton pie. (10 points) © Rest property in defined ins 2 of the RPGT Act to mean any land situate in Malaysia and any interest, option or ether right in ox over such land. Give futher dofntioy ot land 3 points) € 2019/CIPTX1935