a. Booster Sdn Bhd (BSB) was incorporated on 12 June 2021 by three brothers, Bernade, Graseka...

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a. Booster Sdn Bhd (BSB) was incorporated on 12 June 2021 by three brothers, Bernade, Graseka and Shauki. All of them are Malaysian citizens. They each held 350,000 shares of RM1.00 each. BSB was not a real property company at that date. On 28 November 2023, Shauki transferred his land to BSB. The total consideration for the transfer was RM850,000, consisting of 200,000 shares valued at RM3.20 each and the balance was in cash. Shauki inherited the land from his father on 11 May 2021 with a market value of RM650,000 on the date of transfer. His father bought the land in June 2017 for RM400,000 and incurred a legal fee of RM3,500. Required: Calculate the real property gains tax payable (if any) by the following disposers: Graseka on the disposal of shares on 5 February 2023. Shauki on the transfer of land to BSB on 28 November 2023. b. BSB became a real property company on 10 December 2022. On 5 February 2021, Graseka disposed 200,000 shares acquired by him on 12 June 2021 in BSB to Ziana for RM3.50 each. The defined value of real property for BSB on 10 December 2022 was RM2,400,000. (10 mark a. Booster Sdn Bhd (BSB) was incorporated on 12 June 2021 by three brothers, Bernade, Graseka and Shauki. All of them are Malaysian citizens. They each held 350,000 shares of RM1.00 each. BSB was not a real property company at that date. On 28 November 2023, Shauki transferred his land to BSB. The total consideration for the transfer was RM850,000, consisting of 200,000 shares valued at RM3.20 each and the balance was in cash. Shauki inherited the land from his father on 11 May 2021 with a market value of RM650,000 on the date of transfer. His father bought the land in June 2017 for RM400,000 and incurred a legal fee of RM3,500. Required: Calculate the real property gains tax payable (if any) by the following disposers: Graseka on the disposal of shares on 5 February 2023. Shauki on the transfer of land to BSB on 28 November 2023. b. BSB became a real property company on 10 December 2022. On 5 February 2021, Graseka disposed 200,000 shares acquired by him on 12 June 2021 in BSB to Ziana for RM3.50 each. The defined value of real property for BSB on 10 December 2022 was RM2,400,000. (10 mark

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Here are the calculations for the real property gains tax payable by Graseka and Shauki based on the information provided a Grasekas disposal of share... View the full answer