Q. Briefly outline recent changes to Real Property Gains Tax 2015 according to Budget 2015. A. For sample of calculation go here. Ref: Wong & Partners, Client Alert – Budget Read More …
Category: 1.4 Taxation
Fixtures versus chattel
Q.In real property law, differentiate fixtures from chattel. A.Chattel property is converted into a fixture by the process of attachment. For example, if a piece of lumber sits in a lumber Read More …
Rating and its Basis “rebus sic stantibus”
Q. Define what you understand by: i) Hereditament ii) Chattel iii) Fixture iv) ‘rebus sic stantibus’ A. i) Hereditament In law, a hereditament (from Latin hereditare, to inherit, from heres, Read More …
Stamp Duty on Rental SPA and Loan
Q. You are an estate negotiator. You client asks you what are the stamp duties you have to pay when you rent or buy properties. A. Below is extract from Read More …
Stamp Duty Exemptions (06/2015)
Q. What are the available exemptions to Stamp Duty (as of 2015)? A. Stamp Duty changes over time due to policy of government in its tax collection. Multiplied by measures Read More …
Proceeding in default of assessment payment
Q. Owing to old age, Mr Sukumaran left his shoplot to his brother Mr Narenthan to take care. However, Mr Narenthan is a busy man. Although the shop had been Read More …
D04 Tax – Summary of key Statutes
Q. Please list out the key statutes which should be stated in exam. A. Go here for ‘Summary to Exam Hall’ Planning Control and Development charge – Town and Country Read More …
Objection and appeal for Rating in Sarawak
Q.What are the procedures of objection and appeal to the rating done on your property holding in Sarawak? Isn’t the law different from West Malaysia? A.Yes, the statute that governs Read More …
Can annual payment of rates be waived or refunded?
Q. Can annual payment of rates be waived or refunded? A. Waived: Only when it is exempted. See Exemption from assessment rates here. Refunded: Yes, refund as in earlier posting past Read More …
Objection, Appeal and New Valuation List Assessment Rates
Q. What are the grounds that a holding can appeal for revaluation or reassessment? What is the process of new valuation list? A. There are two things commonly asked about Read More …
What if you have forgotten about paying your annual rates (kadar)?
Q.What is the penalty if the property owner does not pay the assessment rates? A.1) A fine of RM 20 (for outstanding amount exceeding RM 100).2) Notice (Form E) shall be Read More …
Drainage Charge in Rating
Q. What is drainage rate in Local Government Act, 1976? A. Drainage Rate is provided by the Local Government Act Section 132 at maximum of 5% of the Annual Value Read More …
Series D04 Tax 7/5 – Question 7; Land alienation
Q. Can you predict what question is going to come out on Land Alienation and Premium Calculations this year 2015? (Series D04 Tax 7/5 – Question 7; Land alienation) A. Read More …
Series D04 Tax 4/5 – Question 4; Annual value
Q. Can you predict what question is going to come out on Annual Value, Improved Value, Objection and Appeal this year 2015? (Series D04 Tax 4/5 – Question 4; Annual Read More …
Series D04 Tax 6/5 – Question 6; Capital allowance
Q. Can you predict what question is going to come out on Capital Allowance this year 2015? (Series D04 Tax 6/5 – Question 6; Capital allowance) A. Based on the Read More …
Series D04 Tax 3/5 – Question 3; Stamp Duty
Q. Can you predict what question is going to come out on Stamp Act this year 2015? (Series D04 Tax 3/5 – Question 3; Stamp Act) A. Based on the Read More …
Series D04 Tax 5/5 – Question 5; RPGT
Q. Can you predict what question is going to come out on RPGT this year 2015? (Series D04 Tax 5/5 – Question 5; RPGT) A. RPGT 2015 updates Based on Read More …
Series D04 Tax 2/5 – Question 2; Stamp Duty Calculation
Q. Can you predict what question is going to come out on Stamp Duty Calculation this year 2015? (Series D04 Tax 2/5 – Question 2; Stamp Duty Calculation) A. Based Read More …
Series D04 Tax 1/5 – Question 1; Development charge
Q. Can you predict what question is going to come out on Development Charge and Appeal this year 2015? (Series D04 Tax 1/5 – Question 1; Development charge) A. Based Read More …
Spot Q for 2015 D04 Tax
Q.Could you spot questions for D04 Taxation in Estate Agent Exam Part 1, 2015? A.See analysis for past years below: When you prepare for D04 Property Taxation, you would want Read More …