Sep 18 2012, 11:10 AM
QUOTE(klangboy83 @ Sep 16 2012, 11:31 PM)
Hi, i recently got an offer and need some help in the profit calculate below, is my assumptions and understanding correct:
Assumptions:
- buy price: 400k
- sell price: 500k
- agent fee: 3%
- RPGT: 10%
- public bank penalty: 3%
gross profit: 100000
pay agent: 15000
pay bank penalty: 15000 (assume 100% loan to ease calculation)
pay RPGT tax: 10% of (gross profit - agent fee - bank penalty) = 7000
any hidden cost from SP setia's 5/95 scheme: 0 (none that I aware of?)
net profit ~= 63000
Question 2:
if I sign SAP now, and government change RPGT to 30%, will i be affected after 3-4 months when handover happens? is the RPGT effective from letter of offer or SAP?
Did u keep track the total interest portion than u lost during the construction phase? As I understand the moment your bank issued 1st payment there will be interest induced based on daily outstanding balance. Besides do not forget the stamp duty, lawyer fee and loan agreement. All these are the cost that you come out during purchasing a property.Assumptions:
- buy price: 400k
- sell price: 500k
- agent fee: 3%
- RPGT: 10%
- public bank penalty: 3%
gross profit: 100000
pay agent: 15000
pay bank penalty: 15000 (assume 100% loan to ease calculation)
pay RPGT tax: 10% of (gross profit - agent fee - bank penalty) = 7000
any hidden cost from SP setia's 5/95 scheme: 0 (none that I aware of?)
net profit ~= 63000
Question 2:
if I sign SAP now, and government change RPGT to 30%, will i be affected after 3-4 months when handover happens? is the RPGT effective from letter of offer or SAP?
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