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 Lawyer's Corner v2, One-stop centre for any legal queries

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Skydrop
post Jan 10 2012, 01:49 PM

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Hi dariofoo
I am wondering if you buy a property at 240K, renovated 50K and dispose it off at 380K within 5 years, how to calculate tax? Thanks
Skydrop
post Jan 25 2012, 03:36 PM

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QUOTE(dariofoo @ Jan 11 2012, 01:34 PM)
No other expenses? Legal fees, agent fees also can be included as expenses.

RM380K - 240K - 50K - any further deductions = nett gain

Nett gain x 5% = CKHT/RPGT

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Yeah, pay legal fee, agent fee as well. Need receipts for all claims is it? Renovations & fittings also need receipts? Is there a site where I can go and see what is claimable and what is not?


Thank you & Gong Xi Fa Cai to you!
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