Q.
Encik Hilmi purchased a double-storey semi-detached house in Bandar Seri Putra, Selangor, in 2021 for RM800,000. He paid RM24,000 in estate agency fees and RM32,000 in legal fees and stamp duty at the time of purchase. In 2023, he carried out renovations and extension costing RM250,000, but due to substandard workmanship, he received RM85,000 as compensation from the contractor for defective work.
In May 2025, he entered into a sale agreement to sell the property to Datin Emma for RM1,180,000. The current market value of similar properties in the area is RM1,450,000. This is the third residential property that Encik Hilmi has sold.
Calculate all the taxes to be paid in this case.
(20 marks, 2025 Q3)
A.