Do b only Without using Parry's Valuation Tables, solve the following problems by showing suitable calculations.a)i) If Amount of RM 1 per annum for 7 years @ 6.6 % is 2.6215, calculate the Annual Sinking Fund for 7years @6.6%.b)ii) If Annual Sinking Fund for 5 years @ 5% is 0.1800, calculate the Years Purchased 5 years @ 5%.Mr Ismi wishes to sell his freehold house in Johor Bharu. The house was let at market rent of RM320 permonth net. Advise him on the minimum price he should offer if the investment return of property is at6% per annum.

We need to use perpetual annuity formula to calculate price Minimum price of house =Monthly market…

b) Mr Ismi wishes to sell his freehold house in Johor Bharu. The house was let at market rent of RM320 per month net. Advise him on the minimum price he should offer if the investment return of property is at 6% per annum.

b) Mr Ismi wishes to sell his freehold house in Johor Bharu. The house was let at market rent of RM320 per month net. Advise him on the minimum price he should offer if the investment return of property is at 6% per annum.

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter11: Property Dispositions

Section: Chapter Questions

Problem 23P

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