FULL FORMAT OF RPGT

RM RM
DISPOSAL PRICE
Consideration received XX
Less: Capital expenditure
· Renovation XX
· Extension XX

Less: Legal fees

· Legal fees in defending title of the land XX

Less: Incidental cost

· Brokerage fees XX
· Valuation fees XX
· Advertisement to seek buyer XX
Total disposal price XX

ACQUISITON PRICE

Consideration paid XX
Add: Incidental cost
· Stamp duty XX
· Legal fees XX
· Tax agents fees XX
· Remuneration to surveyor XX
· Advertising cost to seek seller XX
· Interest expenses (if construct house only) NIL

Less: Capital receipt

· Compensation received for any kind of damages XX
· Insurance recoveries XX
· Deposit forfeited from cancellation of buyer XX
Total acquisition price XX
Chargeable gain/ Allowable loss XX
Less: Exemption (RM 10,000 or 10% of Chargeable gain) (XX)
Whichever is higher
Chargeable gain XXX

RPGT payable = XXX x % = XXX

Therefore;
i. If disposal price > acquisition price = chargeable gain
ii. If disposal price < acquisition price = allowable loss