Q. How is development charge calculated based on the Development Charge Rules under Town and Country Planning Act, 1976? A. 2015 D04 Tax had two questions on calculation of Development Read More …
Tag: 1.4
Format to calculate RPGT
Q.I always get confused with the calculation of Acquisition Price of real property gains tax, do you have an easy to remember format? A.A good format is by SM Thanneermalai Read More …
RPGT calculation – Daud
Q. (b) Daud bought a double storey terraced house on 20th August 2011 for RM400,000. One month later, the car porch leaned and Daud succeeded in recovering RM10,000 by way Read More …
Development Charge on Change of Use Q1
Q. (a) State five (5) differences between ‘quit rent’ and ‘assessment’. (10 marks) (b) Encik Ahmad owns a 5 hectares agricultural land. He plans to develop the land with a Read More …
Disposal Price deemed Market Value Q3
Q. (a) Explain five (5) situations in which the disposal price shall be deemed at Market Value in the imposition of Real Property Gains Tax. (10 marks) (b) Daud bought Read More …
Rates Exemption, CAR and Refund of rates Q2
Q. With reference to the Local Government Act, 1976 (Amendment), (a) State four (4) types of holdings that can be exempted from rates and support your answer with an example. Read More …
Calculation of Stamp Duty Esp Rental Q6
Q. With reference to the Stamp Act 1949 (As amended), calculate the stamp duty payable on the following cases; (a) Kah Mah sold a piece of land with 6,000 square Read More …
Income Tax Exempted and Subjected to Q5
Q. (a) State any five (5) classes of income that are exempted from Income Tax. (10 marks) (b) With examples give any five (5) types of income which are subjected Read More …
Calculation of Development Charge Cases Q4
Q. With reference to Town and Country Planning Act, 1976 (As amended), calculate the Development Charge of the following; (a) Ali proposed to develop a housing scheme of 400 residential Read More …
Calculation of Assessment Rates Shop at Kulai – Improved Value Q7
Q. (a) With reference to Local Government Act 1976 (As amended), state five (5) basis for objections to the Valuation List. Give example for each. (10 marks) (b) Determine the Read More …
D04 Summarized Provisions
Town & Country Planning Act 1976 – Planning Control
Q. What is the effect of Town and Country Planning Act, 1976 on property owner like you? A. Town and Country Planning Act, 1976 (hereafter TCPA) has more impact on Read More …
RPGT in sub-divided property Adi Putra
Q. b) Adi Putra purchased a parcel of agricultural land encompassing an area of one (1) acre on 1 Jun, 2009 at RM100,000. He submitted an application for conversion to Read More …
50% Exemption on Intrument of Transfer & Loan Agreement
Q.If Abu is buying a house first time today (08.07.2015), and his purchase price is RM500,000, he is to take maximum loan available to him. What would be the stamp Read More …
RPGT Updates 2015
Q. Briefly outline recent changes to Real Property Gains Tax 2015 according to Budget 2015. A. For sample of calculation go here. Ref: Wong & Partners, Client Alert – Budget Read More …
Fixtures versus chattel
Q.In real property law, differentiate fixtures from chattel. A.Chattel property is converted into a fixture by the process of attachment. For example, if a piece of lumber sits in a lumber Read More …
Rating and its Basis “rebus sic stantibus”
Q. Define what you understand by: i) Hereditament ii) Chattel iii) Fixture iv) ‘rebus sic stantibus’ A. i) Hereditament In law, a hereditament (from Latin hereditare, to inherit, from heres, Read More …
Stamp Duty on Rental SPA and Loan
Q. You are an estate negotiator. You client asks you what are the stamp duties you have to pay when you rent or buy properties. A. Below is extract from Read More …
Stamp Duty Exemptions (06/2015)
Q. What are the available exemptions to Stamp Duty (as of 2015)? A. Stamp Duty changes over time due to policy of government in its tax collection. Multiplied by measures Read More …
Proceeding in default of assessment payment
Q. Owing to old age, Mr Sukumaran left his shoplot to his brother Mr Narenthan to take care. However, Mr Narenthan is a busy man. Although the shop had been Read More …