Open Question
How to calculate amount earn for selling a residential property?

Approved Loan Amount- RM 345,400.00
Early Settlement - 2% x RM 345,400.00 = RM 6,908.00
Agent - 2% x RM 460,000.00(Selling Price) = RM 9,200.00
RPGT 15% - RM 460,000 - RM 427,800 = RM 4,830.00

Total payable = RM 20,938.00?

My Loan Outstanding is RM 331,980.00

Any idea how much money will i get back after selling the house?

Thank you.

Posted by KS Tan on Jan 17, 2013 in Home Selling | 2717 Views

Latest Answers by Real Estate Professionals (2 Answers)

BC Shue
ca88223580703_1_V60
Contact Agentorangearrow
Answer Posted on Jan 18, 2013
Hi KS Tan,
The RPGT is calculated base on the chargeable gain. Chargeable gain is the Disposal price - acquisition price - others such as ....
Disposal price is the selling price less all allowable expenses such as agent fees & solicitor's fees.
Acquisition price is your purchase price plus all expenses such as renovation cost, solicitor's fees, agent's fee paid(if any) & other expenses.
Basically, it is not as simple as what you have thought in your above assumption.
Felt free to call me at
012 2185388
email: everest.sbc@gmail.com
Thank you & have a nice day
0%
 
0%
report_abu
Faryna Ooi
9517541361951_1_V60B
4a6431347447_1_V60
Contact Agentorangearrow
Answer Posted on Jan 17, 2013
Lawyer's fees?
0%
 
0%
report_abu

Related Questions

64
views

Is it necessary for a seller to engage his own lawyer to execute the S&P?

Posted by Anonymous on Jul 25, 2014   |  2 Answers  |  Category: Home Selling
94
views