QUOTE(Tan&tan @ Jun 13 2018, 08:34 PM)
Letâs say Muthu bought 500k Property ..Developer rebate 10 percent . Means nett price is 450k . Spa price is 500k .when the Property Vped Ali wanted to buy from muthu 600k . Means spa 500k sell 600k gross earn 100k rpgt kena 35k . Or nett price 450k sell 600k rpgt kena 52,500 . Thankssss . Rpgt charge you based on what price ?
Let's make this example more complex a bit:
Muthu bought the property with SPA price of 500k.
Assume undercon property legal fees FOC (absorb by developer all)
Renovation done 20k to make his property more sellable.
Agreeable selling price 600k. But Ali requested to mark up loan so that he doesn't need to fork out so much downpayment.
Bank valuation 650k for the unit so Ali and Muthu agreed to that selling price.
So how much is the RPGT that Muthu kena for the scenario above?