Q. Real Property Gains Tax was re-imposed from 1 January, 2010. Using appropriate examples, explain the followings: a) Chargeable gains (8 marks) b) Allowable losses (7 marks) c) Tax relief Read More …
Category: 2012 D04 Tax
Refund or Remission Local Rates Q6
Q. Under Section 162 of Local Government Act (Act 171), where any building is unoccupied and no rent is payable in respect thereof during a period of not less than Read More …
Industrial Building Allowance & Deductible Expenses Q5
Q. a) The Income Tax Act 1967 specifically provides that certain special building qualify as industrial buildings and thus, qualify for industrial building allowance (IBA). IBA is granted to a Read More …
Annual Value and Improved Value Q4
Q. As an estate agent you are required to give advice regarding ‘Annual Value’ and ‘Improved Value’ in a discussion relating to Local Government Act 1976 which gives an impact Read More …
Stamp Duty Act 1949 Q3
Q. a) The Stamp Duty Act 1949 provides the imposition of duty or tax according to the value of the property from every transaction of property. Explain what a stamp Read More …
Development Charge Q2
Q. Notwithstanding any provision in the Federal Territory (Planning) Act 1982 (Act 267), the Commissioner may refuse to grant planning permission or revoke any development order granting planning permission for Read More …
Stamp Duty Objection and Appeal Q1
Q. Any person who is dissatisfied with an assessment of the Collector under section 36 of the Stamp Duty Act 1949 may, by written notice object to the assessment and Read More …