Author: Thomas Sim E3009

Q. Mr Ahmad sold his double-storey terrace house located at Kota Damansara to Madam Salamah on 30 August, 2013. The market price for similar properties at the subject locality is Read More …

Q. You are required to advise the owners of the following holdings in relation to the properties’ assessment:- a) Madam Aminah, the owner of a factory building located at Mukim Read More …

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 Read More …

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 Read More …

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 …

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 Read More …

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 Read More …

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 Read More …

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 Read More …

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 Read More …

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 Read More …

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 Read More …

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 Read More …

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 Read More …

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 Read More …

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 Read More …

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 Read More …

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. Read More …

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 Read More …