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On 28 August 2019 Yen Sdn Bhd (YSB) disposed of a building in Malaysia for RM2,200,000. YSB had acquired the property on 12 December 2015 for RM1,000,000 plus legal fees of RM28,000 and stamp duty of RM12,000.
During YSB's ownership, it incurred the following costs: Installation of a drainage and irrigation system RM13,000 Interest expense RM24,000 Problem 1: What is Yen Sdn Bhd's acquisition price of the property for real property gains tax (RPGT) purposes? A. RM1,077,000B. RM1,053,000C. RM1,040,000D. RM1,064,000
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