Share Advanced Taxation - Chapter 1 - 9
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What are the conditions to claim for pioneer status?
Resident, promoted product/activity,new,no other incentives
What is the conditions to claim for investment tax allowance?
Resident, promoted product/activity,new,no other incentives, QCE
What are the conditions to qualify for reinvestment allowance?
Resident, 36months,qualifying project,manufacturing/agriculture industry,QCE,No other incentives
What are the conditios to consider an individual to individual transfer of asset as no gain no loss?
gift, transfer between certain relationship
What are the conditions to consider a transfer of asset between individual to company as no gain no loss?
Controlled, 75% of payment in terms of shares
What are the conditions to consider a transfer of asset between company to company as no gain no loss?
Same group, greater efficiency, transferee resident, 75% consideration in shares adn approved by LHDN
Does all sale of shares subject to RPGT?
No
How can an individual avoid paying RPGT?
Sell after 5 years or apply for private residence
A father sold his house to daughter at RM200,000. Will this fall under no gain no loss?
No
How to determine if a share is RPC Shares?
The company must to be RPC - 75% or more are tangible assets
