SMALL VALUE ASSETS
-value of the asset=<RM2,000
-the claimant is the owner of the asset
-SME can claim more than RM20,000, other co are limited to RM20,000
HIRE PURCHASE
1.Non Commercial Vehicle-no restriction on QE
2.Commercial Vehicle
purchase cost>RM150,000-restriction of RM50,000
purchase cost=<RM150,000- restriction of RM100,000
2nd hand-restriction of RM50,000
ASSET WITH <2years LIFESPAN
-no need to claim CA
-deductible on replacement basis
-the proceed of disposal of initial purchase is not taxable
-when new asset is bought to replace the old asset,can claim deduction in arriving adj income