Series D04 Tax 2/5 - Question 2; Stamp Duty Calculation

Q.
Can you predict what question is going to come out on Stamp Duty Calculation this year 2015?
(Series D04 Tax 2/5 - Question 2; Stamp Duty Calculation)

A.
Based on the past 4 years:

2011 Q4 Suria, scenario property transactions, RPGT mixed with stamp duty calculation, objection
2012 Q1 stamp duty appeal and objection
2103 Q7 Kurunathan, scenario property transactions, RPGT mixed with stamp duty calculation, objection
2014 Q2 Ahmad, scenario property transactions, RPGT mixed with stamp duty calculation, objection

This question is typically a scenario question with a series of transactions. There will be both Stamp Duty and RPGT involved. The question will include a smaller part on appeal. This part is usually on the excessive stamp duty unpaid.

1. Ahmad recently bought a new bungalow from Kunasegaran, which is below market price. He got it at 20% less of RM550,000 because Kunasegaran needed the cash to pay off his other debts. Calculate the stamp duty due and if Ahmad is to pay the complete sum, he is unable to come out with the money as he needs to budget for legal fee and bank loan fees. Help Ahmad to seek other avenue to reduce his stamp duty due.

Ref:

Earlier posts in past year question bank.