a) Computation for the acquisition price for the house of George

RM RM
Consideration paid 350,000
Add: Stamp duty 3,500
353,500

Less: Damages from insurance company 11,200

Deposit forfeited 10,000
22,200
Acquisition price 331,300

b) Computation for the acquisition price (2020)

RM RM
Purchase consideration 100,000
Add: Stamp duty 2,500
Acquisition price 102,500

b) Computation for the disposal price (2022) RM RM

Disposal consideration 500,000
Add: Extension of building on land 300,000
800,000
Less: Real estate agent fee -30,000
Disposal price 770,000

Chargeable gain = Disposal price - Acquisition price

= RM770,000 - RM102,500
= RM668,500

Apply 10% exemption on RPGT case of individual, only RM10,000 or higher from calculation will be accepted.

10% exemption = RM668,500 x 10%

= RM66,850

Net chargeable gain = RM668,500 - RM 66,850

= RM601,650

RPGT (30%) = RM601,650 x 30%

= RM180,495