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 | 2782 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
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Faryna Ooi
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Contact Agentorangearrow
Answer Posted on Jan 17, 2013
Lawyer's fees?
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