Hi all,

I have a question :

1998 - Mr. A purchase a house at RM45k, with RM25 d/p and RM20 bank loan.

After a while, Mr. A sold this house to his two brothers, Mr. B and Mr. C for RM65k. However, they didn't sign any SPA, nor transfer the house ownership (Geran) to them. Mr.B and Mr.C pay Mr.A RM45k with cash and continue to pay the bank loan.

2008 - the bank loan is completed. Mr. A transfer the name in the Geran to Mr. B and Mr. C, and there is no SPA as well.

2011 - Now Mr. B and Mr. C sold the house for RM62k to a buyer.

How much is the Real Property Gain Tax for Mr. B and Mr. C ? How should this be calculated ?

Thanks for all inputs !! Appreciate it

This post has been edited by trumpfnx: Jul 21 2011, 11:44 AM