Mr. Abash has agreed to sell a two-storey intermediate terrace house in pontian, Johor to Ms. amelia. A sale and purchase agreement was signed between the two parties on 3 January 2021 and the transfer instrument 14A was signed on 4 March 2021 with a consideration price of RM650,000.00 After analysed the market value from comparable properties in the sourrounding area, the opinion by the valuer that the fair and reasonable market value is RM800,000.00O. i) Identify the date of valuation in valuing that subject property. ii) Identify the responsible person to paying that stamp duty and explain your answer. Determine the rate of stamp duty to be paid by the buyer iii)

Mr. Abash has agreed to sell a two-storey intermediate terrace house in pontian, Johor to Ms. amelia. A sale and purchase agreement was signed between the two parties on 3 January 2021 and the transfer instrument 14A was signed on 4 March 2021 with a consideration price of RM650,000.00 After analysed the market value from comparable properties in the sourrounding area, the opinion by the valuer that the fair and reasonable market value is RM800,000.00O. i) Identify the date of valuation in valuing that subject property. ii) Identify the responsible person to paying that stamp duty and explain your answer. Determine the rate of stamp duty to be paid by the buyer iii)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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