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UNIT TRUST, REAL PROPERTY GAINS TAX, REAL PROPERTY GAINS TAX, IHC,…

- - - - maintenance of register of unit holders
        
        ded from agg Y
        A x B/4C
      - share registration exp
      - mgr's remuneration
      - secretarial, audit, acc fees, telephone charges, print, stationery & postage fee
  - - - ded against adj Y of rental source
        
        :red_cross: c/f
      - QE
        
        alteration cost/alteration cost+P&M <= 75%
        
        site prep/site prep+P&M <=10%
- - - - debenture other than convertible loan stock approved by securities commission
      - sukuk
      - bond/saving cert by govt
      - int from bank
- - - - land situated in Msia
        
        land to cover
        
        surface of earth
        
        earth below surface
        
        building on land and anything attached to buliding
        
        standing timber, trees
        
        land covered by water
      - interest, option, right over such land
- - - - part exemption
        
        greater of
        
        10,000 or
        
        10% of CG
    - - part exemption
        
        greater of
        
        A/B x C or
        
        10% of CG
      - AP will be apportioned
        
        PE such as EC and DT are apportioned
        
        apportioned based on area disposed
- - - - date of approval
    - - date when last of such condition is satisfied
- - - - DP=MV of asset recd by disposer
    - - DP=MV of asset disposed
  - - - AP= fraction of premium pd by lessee 1 (divide no of yrs unexpired by no of yrs of full term)
- - - - DP of disposer=MV
        
        Transferee's AP=MV at time of disposal
    - - DP of disposer=AP of disposer NGNL
        
        Transferee's AP=Trsferor's AP+Trsferor's PE
        AD: date of trasnferor trasnfers asset to recipient
- - - - Transferee's AP=MV at time of disposal
- - - - deceased --- executor --- beneficiary --- 3rd party
        
        taxable on beneficiary:
        AP=MV at date of trsfr of ownership
        AD: date of trsfr of ownership
      - deceased --- executor --- legatee --- 3rd party (legatee recd RP in lieu of cash)
        
        taxable on legatee:
        
        AP is lower of
        
        MV at date of tsfr of ownership
        
        legacy money
      - deceased --- executor/trustee--- 3rd party
        
        taxable on executor:
        AP=MV at date of death
        AD: date of death
        
        if deceased is not citizen and not PR, RPGT%: within 5yrs: 30%
        in 6th yr or thereafter: 10%
  - - - chrgble asset owned by indiv connected person who are citizen
        
        trsfred to co controlled by indiv or connected person
        
        at least 75% of considn is in form of shares and rest is money paymt
        
        transferor
        
        DP=AP NGNL
        
        share disposed (chrgble asset so subject to RPGT)
        
        AP= Trsfror's AP+Trsferor's PE-cash payment
        
        trasnferee
        
        subject to RPGT if subsq dispose asset
        
        AP= Trsfror's AP+Trsferor's PE
        AD: date of transfer
    - - Transferee's AP= Trsferor's AP+ Trsferor's PE
- - - - NGNL
    - - AP= Trsferor's AP+Trsferor's PE
        
        General conditions:
        
        prior approval from DG
        
        transferee co is resident co
        
        17(1)(b)
        
        transfer due to scheme of
        
        reorg
        
        reconstruction
        
        amalgamation
        to comply with govt policy on cap participation
        
        transferee co be restructured
        
        AD of transferee: date of acquisition of transferor
        
        17(1)(c)
        
        liquidation of co
        
        under scheme of
        
        reorg
        
        reconstruction
        
        amalgamation
        to comply with govt policy on cap participation
        
        transferee co be restructured
        
        AD of transferee: date of acq of transferor
        
        17(1)(a)
        
        between co in same group
        
        objective of geo
        
        at least 75% of considn in form of shares
        
        AD of transferee: date of transfer
- - - - lower of
        
        3% of total considn
        
        whole money
        
        within 60d AFTER date of diposal
    - - lower of
        
        3% of total considn
        
        whole money
        
        within 60d AFTER date of diposal
- - - - executors chargeable to tax
        
        for that YA
        
        for the following YA
        
        for prev YA
        
        failure to compy
        
        penalty 100%
        
        time bar = 3yrs
        
        assessment must be raised by DG not later than end of 3rd YA following YA for which DG is informed of death
- - - - scale rate
- - - - scale rate if deceased died domicile in Msia
- - - - :red_cross:ded
    - - :check:ded (exclude empor's contribn to EPF, SOCSO or insurance)
    - - as s13(1)(a)
- - - - deemed to be income of SETTLOR
        
        but not apply if:
        
        revocation is due to beneficiary's death
        
        settlor no longer alive