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What is zizan date of property disposal for purposes of real

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Reference no: EM132944832

Zizan acquired a property four years ago, and in 2019 entered into an agreement to dispose of the property to AB Sdn Bhd (ABSB). Zizan and ABSB verbally agreed to enter into a contract on 10 April 2019. Both parties signed the contract on 24 April 2019. Zizan received the full consideration on 6 June 2019 and the legal title to the property was transferred on 10 July 2019.

Problem 1: What is Zizan's date of property disposal for the purposes of real property gains tax?

A. 24 April 2019
B. 10 July 2019
C. 6 June 2019
D. 10 April 2019

Reference no: EM132944832

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