Q. Define what you understand by: i) Hereditament ii) Chattel iii) Fixture iv) ‘rebus sic stantibus’ v) CAR (M2022-1 Q1, 25 marks)
Category: M2022-1 Taxation
RPGT and Stamp Duty gift or died Q2
Q. In January, 2022 MrLaw saw a warehouse with a market value of RM950,000. This warehouse was on sale by an agent Mr Alan at RM1.1 million. Mr Alan is Read More …
Annual Value & Improved Value Q3
Q. Give explanation of the below terms: (a) Annual Value (b) Improved Value List down some of the differences between them. 15 marks (c) As new development of a new Read More …
Exemption and eviction under LGA Q4
Q. (a) List out the holdings which could enjoy exemptions on rates from local government. 15 marks. (b) Failure of payment of assessment bills would result in property being seized Read More …
Plinth area and plot ratio calculation Q5
Q. Give the explanation of below terms in Town and Country Planning Act, 1976. Plinth Area 5 marks Plot Ratio 5 marks Assuming that the plinth area is 60% and Read More …
Premium calculation change of category of use Q6
Q. John owns 2 properties – land, in Malaysia. He plans to develop the land as follows: Lot 888 has a title in perpetuity with an agricultural category of land Read More …
Income tax and real estate Q7
Q. With reference to the Income Tax Act 1967 (as amended), (a) State any FIVE (5) classes of income that are exempted from Income Tax. (10 marks) (b) With examples, Read More …