Activity

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 Chan inherited the property from her father’s […]

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 of capital […]

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 factors. Using appropriate […]

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 land.

(25 marks, 2013 […]

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 […]

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 Annual Value.

(25 marks, 2013 […]

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 premises or the market value. Explain […]

Q.
Real Property Gains Tax was re-imposed from 1 January, 2010. Using appropriate examples, explain the followings:

a) Chargeable gains (8 marks)

b) Allowable losses (7 marks)

c) Tax relief for allowable […]

Q.
Under Section 162 of Local Government Act (Act 171), where any building is unoccupied and no rent is payable in respect thereof during a period of not less than one calendar month in any half year in respect […]

Q.
a) The Income Tax Act 1967 specifically provides that certain special building qualify as industrial buildings and thus, qualify for industrial building allowance (IBA). IBA is granted to a person who incurs […]

Q.
As an estate agent you are required to give advice regarding ‘Annual Value’ and ‘Improved Value’ in a discussion relating to Local Government Act 1976 which gives an impact to the property owners. Discuss […]

Q.
a) The Stamp Duty Act 1949 provides the imposition of duty or tax according to the value of the property from every transaction of property. Explain what a stamp duty is and clarify the two types of stamp duty […]

Q.
Notwithstanding any provision in the Federal Territory (Planning) Act 1982 (Act 267), the Commissioner may refuse to grant planning permission or revoke any development order granting planning permission for […]

Q.
Any person who is dissatisfied with an assessment of the Collector under section 36 of the Stamp Duty Act 1949 may, by written notice object to the assessment and apply to the Collector to review the […]

Q.
Any person aggrieved on any of the allowable grounds provided in the Local Government Act 171 (1976) may make objection in writing to the local authority at any time not less than fourteen (14) days before the […]

Q.
Mrs Suria purchased a double storey terrace house at Subang Perdana from Mrs Asiah on 30 April, 2008 at a purchase price of 20% higher than the market value. Mrs Asiah was awarded the house by the State of […]

Q.
Calculate the stamp duty and real property gains tax that need to be paid for the following transactions and explain who are responsible to settle the payment.

a) Mr Hadi purchased a bungalow located at […]

Q.
Give some bad examples of subsidies which had adversely affected the economy.

A.
Agricultural subsidies

Support for agriculture dates back to the 19th century. It was developed extensively in the EU and […]

Q.What the negative impacts of subsidy to the economic health of a nation?A.Competitive equilibrium is a state of balance between buyers and suppliers, in which the quantity demanded of a good is the quantity […]

Q.
List down four (4) common types of subsidies given out by government of developing countries.

A.
Production subsidy

A production subsidy encourages suppliers to increase the output of a particular […]