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What is raymond chargeable gain for real property gains

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Problem 1: Raymond, a Taiwanese citizen, disposed of a property in Johor, Malaysia in May 2020 for RM1.4 million. Raymond had purchased the property in April 2017 for RM780,000. He also incurred stamp duty and legal costs associated with the purchase totaling RM35,000. Raymond spent RM100,000 in April 2016 building a balcony to the master bedroom. What is Raymond's chargeable gain for real property gains tax (RPGT) purposes, on the disposal of the property in May 2020 after taking into account all possible deductions and exemptions?

A. RM485,000
B. RM526,500
C. RM520,000
D. RM436,500

Reference no: EM132944821

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