UNIVERSITI TEKNOLOGI MARA

BENGKEL PEMANTAPAN TAX467

COURSE : TAXATION 1/ 17 DECEMBER 2021

COURSE CODE : TAX 467
TEST : APR 2019
SOLUTION
Question 1
i.

YA Period of No of Status Section Reasons

stay days
2013 1/10 – 29 /12 90 NR - -
2014 14/1 – 3/3 49 R S7(1)(a) He stayed in Malaysia at least
1/7 – 31/12 185 182 days
233
2015 1/1 – 15/2 46 R S7(1)(b) He stayed in Malaysia less than
182 days in BY2015 and the
period is linked by YA2014 that
consist of at least 182
consecutive days
2016 3/7 – 21/9 81 R S7(1)(c) He stay in malaysia at least 90
1/10 – 10/11 41 days in BY2016 and 3 out of 4
122 immediate preceeding years (YA
2015,2014 and 2013) he was a
resident or stayed in malaysia at
least 90 days.
2017 1/5 – 10/6 41 R S7(1)(d) He was a resident in 3 immediate
preceding years of assessment
(YA2016,2015 and 2014) and
also resident in the following
years of assessment (YA2018)
2018 21/2 – 19/4 78 R S7(1)(a) He stayed in Malaysia at least
2/5 – 2/9 124 182 days
182
(11 marks)

ii.

Resident Individual Non-Resident

Individual
a.Income tax rate Scaled rate 0-28% Flat rate 28%
b.Individual tax relief (sec 46 to 50) Entitled Not entitled
c.Empolyment Income derived from Taxable Exempted if he
Malaysia satisfies the 60 days
√test
d.Royalties from literary or artistic Exempted Para No√
work 32,32A,32B

(4 marks)

Total: 15 marks)
QUESTION 2
A.
EQUIPMENT
Asset used in overseas brought into used in M’sia
QE = MV or NBV whichever is lower, QE =?

YA 2018
QE 250 000 (no IA)
New QE 30 000 (IA)

IA (20% X 30,000) (6 000)

AA (14%X 280,000) (39 200)
RE 234 800

(2.5 marks)
CAR ( HIRE PURCHASE)

Cash price 190,000

Less deposit (40,000)
150,000
monthly instalment 150,000/60 2 500

YA 2018
Deposit 40 000
Instalment (2,500x 6) 15 000
55 0000
QE is restricted to RM50,000 50 000
IA ( 20%) (10 000)
A.A (20%) (10 000)
R.E 30 000

(3 marks)

LORRY

YA 2017
QE 155,000
IA (20% X 155,000) (31 000)
AA (20%X 155,000) (31 000)
RE 93 000
YA2018
DV ( Insurance) 120 000
Balancing charge 27 000 VS 62 000

Note: There will be no clawback of allowances claimed in previous years as the disposal
was justifiable. The lorry was not fit to be used due to total damage in the accident.

(2.5 marks)
B.
First Building CONTRUCTED
(Private Hospital)
QBE 3,432,500 QBE
YA 2016 IA (10%) (343 250) Piling and
foundations works
52,400
AA (3%) (102 975) Architect fee
47,800
RE 2 986 275 Construction cost
3,250,000√
YA 2017 AA (3%) (102 975) Wiring and Plumbing
82,300

RE 2 883 300 TOTAL 3,432,500

YA 2018 AA (3%) (102 975)
RE 2 780 325

Second Building purchased

(Maternity Home)
QBE 1,500,000√
YA 2017 IA (10%) (150 000)
AA (3%) (45 000)
RE 1 305 000
YA 2018 AA (3%) (45 000)
RE 1 260 000

Special Medical
Equipment
Cost 450,000
COPS 123,000
AGGCOST 573,000

75% > AGGCOST

= QBE
75% x (573,000) = 429,750 Vs 123,000
Less than 75% of AG
Not Qualify for IBA

(8 mark)
C.
Ladang Kita Sdn Bhd

Clearing Labour Quarters Storage

QAE 250,000 240,000 120,000
Rate of Allow 50% 20% 10%
YA 2015 AA 125 000 48 000 12 000
YA 2016 AA 125 000 48 000 12 000
Grant NIL
YA 2017 AA 9/12 X 48 000= 36 000 9/12 X 12 000=9000
AC 250 000 132 000 33 000
Ternak Maju Sdn Bhd

Labour Quarters Storage

QAE 240,000 120,000
Rate of Allow 20% 10%
YA 2017 NIL NIL
YA 2018 AA 48 000 12 000

(4 marks)
Total: 20 marks)
QUESTION 3

RM

Provisional adjusted Income (PAI) 480,000

Less:

Salaries of partners

Interest on capital

Medical expenses

Partners insurance

Divisible Income (DI)

Farid Emir Que Dina

DI pre 1/1-30/6 (2:1:1 )
286,800/2 =143,400
DI post 1/7-31/12 (2:1:2)
286,800/2 = 143,400
Salaries
Int On Capital
Medical expenses
Partners insurance
ADJUSTED BUSS INCOME
Less: Capital Allowance
A: C: D (2:1:2)
STAT BUSINESS INCOME

(10 marks)