Q.Explain with help of a diagram how to compute RPGT? A.Richard Oon Hock Chye has written in detail the computation of RPGT in his blog at Real Property Gain Tax 101 Read More …
Tag: 1.4
Deductible expenses for rental income 1
Q.What are the deductible expenses from rental income are? A. Ref:Lembaga Hasil Dalam Negeri at http://www.ctim.org.my/file/news/14/01533_INCOME%20FROM%20LETTING%20OF%20REAL%20PROPERTY%20PR4_2011%20(10.3.2011).pdf A good write up in the form of FAQ by Tee Saw Cheng is verbatim Read More …
Capital Allowance 1 Q3
Q. a. Capital allowance is an allowance allowed by the Inland Revenue Board to replace the fixed asset depreciation from the gross business income. Explain two (2) following components of Read More …
Stamp Duty 4
Q.How to determine which instrument of agreement is subjected to stamp duty? A. DETERMINATION OF LIABILITY The first step is to identify the class of instrument under which a particular chargeable Read More …
Stamp Duty 2 Q6
Q. In general, stamp duty is payable on instruments executed in Malaysia or if executed outside Malaysia, when bought into Malaysia. Duty is payable at varying rates. Using appropriate examples, Read More …
Development Charge under TCPA Q1
Q. As an estate agent you are invited to give an opinion in a discussion regarding legislations that give an impact to property owners. Discuss the followings:- a) Development Charge Read More …
Premium on land conversion
Q. a) According to National Land Code, what are the various categories of land use? In case if Sarawak, how is it categorized? b) How to calculate the additional premium Read More …
Calculation of Premium on Land Q7
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 …
Rating or Cukai Pintu/Cukai Taksiran
Q.What are Local Gov Rates and Cukai Pintu/Cukai Taksiran? A.They are taxes collectable by local government for a percentage of annual rentable sum. The law in which it is stated Read More …
Stamp Duty 1
Q.What is stamp duty and how is it calculated? A. Hence, for a One Million Property, the stamp duty due is: For the first 100,000 = 1% = 1 x Read More …
RPGT 1
Q.What is RPGT? Explain in brief how RPGT is calculated. A.RPGT or Real Property Gain Tax is tax levied on Real Property or Shares of a Real Property Company based Read More …
GST 2015 Part 1
Q. In simple chart form, explain how GST is going to affect a man on the street? A. A good illustration is provided by LoanStreet.com.my. http://loanstreet.com.my/learning-centre/GST-In-Malaysia-Explained GST In Malaysia Explained Read More …
GST 2015 Part 2
Q. How GST is going to affect taxation of properties? A. A good link to read from LoanStreet.com.my http://loanstreet.com.my/learning-centre/How-GST-Will-Impact-Home-Prices-&-The-Property-Market How GST Will Impact Home Prices & The Property Market With Read More …
Zakat and Corporate Tax
Q. Can Zakat be deducted from Corporate Tax in Malaysia? A. Yes, companies are allowed to utilize Zakat payments as tax deduction in Malaysia. For company, effective from YA 2005, Read More …
Zakat treatment for Personal Income Tax
Q. How is Zakat treated in calculating for Income Tax? Provide an illustration to explain the treatment of Zakat in Income Tax Act, 1963. A. Income Tax Act 1963 provides Read More …