Category: 2013 D04 Tax

Q. Mr Kurunathan purchased a terrace factory building at Subang Jaya from Mrs Chan on 30 April, 2012 at a purchase price of 20% higher than the market value. Mrs Read More …

Q. a) Capital allowance is an allowance allowed by the Inland Revenue Board to replace the fixed asset depreciation deductible from the gross business income. Explain two (2) following components Read More …

Q. a) Land alienation premium is determined by the State Authority upon approval of land alienation to either individual or body. The calculation of premium depends on five (5) main Read More …

Q. Discuss the circumstances whereby the landowner is permitted under the Town and Country Planning Act 1976 (as amended) to serve a notice to the local authority to acquire his Read More …

Q. Explain why development charge is levied to the landowner/developer in Kuala Lumpur. (25 marks, 2013 Q3) A. Development Charge under Town and Country Planning Act, 1976 appeared in earlier Read More …

Q. The definition of Annual Value under Section 2 of the Local Government Act 1976 (Act 171) (as amended) is very detail. By using adequate valuation examples, elaborate what is Read More …

Q. The determination of rates payable by owner of particular holding depends on the value computed by a valuer. The valuer may take into account the expected income from the Read More …