What is the total real property gains tax payable

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Reference no: EM132944819

Problem 1: Which of the following statements relating to real property gains tax (RPGT) is true?

A. Residential properties in Malaysia do not fall within the scope of RPGT
B. The disposal of a property in Malaysia is not subject to RPGT if rental income derived from the property has previously been assessed to income tax
C. Both RPGT and income tax may apply at the same time on a gain arising from the disposal of a property in Malaysia
D. The disposal of a property located outside Malaysia, by a Malaysian citizen, is not subject to RPGT

Problem 2: Albert and his wife, Catherine, sold a jointly owned Malaysian property on 30 June 2020 for RM3 million. They had each purchased 50% of the property four and a half years previously for a total of RM2 million. Albert is a Malaysian citizen and Catherine is an Australian citizen and both are non-residents. What is the total real property gains tax (RPGT) payable in respect of the disposal on 30 June 2020 by Albert and Catherine?

A. RM202,500
B. RM217,500
C. RM300,000
D. RM225,000

Reference no: EM132944819

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