$($Question $2)$ Prosper Sdn Bhd $($PSB$)$ is a printing corporation equally owned by Encik Fuad and his father, Encik Omar. Both of them are Malaysian citizen. PSB owns a piece of land in Shah Alam with the following information: $($i$)$ Fuad transferred the land to PSB on $1\mathrm{.}1\mathrm{.}2018$ with the intention of supporting future business growth. In return, he received $350,000$ units of company shares $($at RM$1$ each$).$ The land was valued at RM$350,000$ by an actuary firm on the transfer date. Encik Fuad had acquired the land on $17\mathrm{.}8\mathrm{.}2016$ for a price of RM$220,000$ and incidental cost of RM$4,000.($ii$)$ The land was subsequently severely damaged, and PSB received compensation of RM$400,000$ on $7\mathrm{.}12\mathrm{.}2020.($iii$)$ Due to the downturn in the printing industry, the company ventured into the property business. Consequently, the land was transferred from fixed asset investment property to current asset inventory. The market value of the land on $18\mathrm{.}3\mathrm{.}2021,$ the date of board of director's approval, was RM$280,000.($iv$)$ PSB incurred construction costs of RM$3$ million to build a $15-$story building of $50$ apartment units on the land. Each apartment was sold for strata ownership to individual owners at RM$250,000$ each. All sales and purchase transactions were completed by $20\mathrm{.}3\mathrm{.}2023.($v$)$ On $20\mathrm{.}4\mathrm{.}2024$ Encik Fuad disposed of his entire shareholding in PSB to Setia Berhad for RM$2$ million. The payment consisted of RM$1\mathrm{.}5$ million for the value of real properties owned by PSB and RM$500,000$ for goodwill. Required: Justify the tax implications for each of the above. Compute the Real Property Gain Tax $($RPGT$)$ where applicable. $(25$ marks$)$