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WorksheetsReal Property Gains Tax_AAP1154D
Total questions: 12
Worksheet time: 6mins
Which sentence is referring to tax rate for RPGT?
the longer of holding period leads to the greater of RPGT
the shorter of holding period leads to the greater of RPGT
the longer of holding period leads to the higher of RPGT
the shorter of holding period leads to the lesser of RPGT
Tick (one or more) current tax rate for RPGT
30% for the disposal in the 2nd year
20% for the disposal in the 4th year
15% for the disposal in the 5th year
10% for the disposal in the 6th year
The announcement of RPGT in Malaysian Budget 2020
Acquisition price will be more lower at 1/1/2013
Acquisition price will be based on value after 1/1/2013
Acquisition price will be based on value after 1/1/2000
Acquisition price will be more higher at 1/1/2013
Which situation allowed for exemption under Malaysia Short-term Economy Recovery Plan 2020
Ali disposed his property on 25/5/2020
Ahmad disposed his first commercial building on 1/6/2020
Aina disposed her 4th residential unit on 9/6/2020
Aisyah disposed her 2 storey terrace house on 11/6/2020
Chargeable Gain
when acquisition price equal to disposal price
when disposal price less than acquisition price
when acquisition price less than disposal price
when disposal price same as acquisition price
Tick (one or more) items under acquisition price
stamp duty
deposit
compensation
lawyer fees
Tick (one or more) items under disposal price
extension cost
alteration cost
advertising cost
professional fees
The transaction deemed to be at Market Value
Zul transfer his property Sulaiman
Ali transfer his bungalow to Siti
Farhan gift his shop to Burhan
Daud sell his property to Kamal
Tick (one or more) situations for exchange case
selling price need to be considered
Market Value shall be taken as consideration paid
purchase price cant be considered
Market Value shall be taken as consideration received
Tick (one or more) RPGT exemption for private residence
once in lifetime application
non citizen are also eligible
subject to residential property
property used for business
Tax Relief
as a result from chargeable gain after multiply with the tax rate
as a result from loss after disposal price less acquisition price
as a result for negative answer after disposal price less acquisition price
as a result from allowable loss after multiply with the tax rate
Disposal Date
date of disposal if there is an agreement
date of completion if there is an agreement
date of disposal if there is no agreement
date of completion if there is no agreement
