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Malaysia Manual of Capital Allowances and Charges

Malaysia Manual of Capital Allowances and Charges

  • Author:
  • Publisher: CCH Malaysia
  • ISBN: 9789814359696
  • Published In: January 2013
  • Format: Paperback
  • Jurisdiction: Malaysia ? Disclaimer:
    Countri(es) stated herein are used as reference only
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  • Description 
  • Contents 
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Details

This book presents an in-depth and comprehensive exposition of the law with an extensive coverage of relevant case law decisions, public rulings, technical guidance issued by the Lembaga Hasil Dalam Negeri Malaysia (LHDNM) and the outcome of technical discussions held between the professional bodies and LHDNM.


Features:

  • In-depth and comprehensive coverage on the topic of capital allowances and charges
  • Various examples to illustrate the challenges in the area of claiming capital allowances
  • Extensive coverage of case law, public rulings, technical guidelines from LHDNM and technical discussions between professional bodies and LHDNM
  • Includes a chapter on limited liability partnership (LLP) which discuss on the tax status of a LLP and the claim of capital allowance
  • Includes a chapter on tax saving ideas such as the timing issues on incurring capital expenditure, ways of acquiring assets and its tax consequences, effects from partnership changes, etc.


1. Qualifying Plant Expenditure

2. Eligibility for Initial and Annual Allowances

3. Small Value Assets and Short Life Assets

4.Assets Acquired under Hire Purchase or Islamic Finance

5. Assets used in Multiple Business Activities

6. Non-Commercial Motor Vehicles as Business Assets

7. Assets used Partly for Private or other Non-Business Purposes

8. Leased Assets and Assets Associated with Letting of Real Properties

9. Payments to Non-Residents and Withholding Tax

10. Qualifying Building Expenditure

11. Eligibility for Initial and Annual Allowances

12. Certain Buildings Treated as Industrial Buildings

13.Buildings used in Multiple Business Activities

14. Buildings used Partly for Private or Other Non-Business Purposes

15.Allowances for Lessors and Other Non-Business Owners

16. Qualifying Agriculture Expenditure

17. Eligibility for Agriculture Allowances

18. Qualifying Forest Expenditure

19. Eligibility for Forest Allowances

20. Meaning of Disposal

21. Date of Disposal

22. Disposal Value

23. Residual Expenditure

24. Balancing Adjustments and Withdrawal of Allowances on Disposal

25. Transfer and Transmission of Agricultural Assets

26. Agriculture Charges

27. Forest Charges

28. Disposals Subject to Control and Certain other Non-Arm’s Length Disposals

Richard Thornton, Thenesh Kannaa

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