• 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  |  Views 2915  |  Category: Home Selling

    • BC Shue replied 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

      CLOGO.3580703.V60 Contact Agent

       
      0%
       
      0%
      report_abu
    • APHO.1361951.V60B

      Faryna Ooi replied on Jan 17, 2013:
      Lawyer's fees?

      CLOGO.347447.V60 Contact Agent

       
      0%
       
      0%
      report_abu

Related Questions