1.

RM’000 RM’000
Thomas Lee Deceased Lilian Lee Executer
(1/1-30/6) (1/7-31/12)
Business I 70x6/12=35 35
Business II - -
Business III Exempted Exempted
Rental 7 7
Dividend (single tier system) Exempted Exempted
Interest (fixed deposit Exempted Exempted
exempted)
Aggregate income 42 42
Less: Current year business (25) -
loss
Annuity payable - (3)
Total income 17 39
Personal relief (9) (9)
Chargeable income 8 30

Total income of beneficiaries:

Jason Lee
Annuity received [S4(e)] RM3,000
Amanda Lee
Total income RM0
* The RM2,000 distribution to Amanda Lee is
not taxable as it is not calculated as income to
Amanda Lee.
2.

RM’000 RM’000
Khartiga Deceased Samuel Executer
(1/1-30/6) (1/7-31/12)
Business I 25 25
Business II - -
Rental 3 3
Dividend (single tier system) Exempted Exempted
Interest - 6
Aggregate income 28 34
Less: Current year business (10) (10)
loss
Annuity payable - (2.5)
(-) Approved donation (1.5)
Total income 18 20
Personal relief (9) (9)
Chargeable income 9 11

Total income of beneficiaries:

Cynthia
Annuity received [S4(e)] RM2,000
Kavitha
Total income RM0
* The RM2,000 distribution to Kavithais not
taxable as it is not calculated as income to
Kavitha.
3.

Executer
Disposal price 480,000
(-) Acquisition price (400,000)
Chargeable gain 80,000
(-) Exemption: (10,000)
10% x 80000; or RM10,000 ; whichever is higher
70,000
Arjun
Disposal price 340,000
(-) Acquisition price (250,000)
Chargeable gain 90,000
(-) Exemption: (10,000)
10% x 90000; or RM10,000 ; whichever is higher
80,000

(a) Transfer of land by executor to Arjun

It is a no gain no loss transaction under Para 3(a), devolution assets on death.

Arjun has acquired the land on 1/5/2020 for a consideration of RM280,000. (Market value at the
time of transfer)

(b) Disposal of coconut plantation by executor to 3rd party:

Disposal price (1/6/2020) 480,000

Acquisition price (1/2/2018) (400,000)

Chargeable gain 80,000

Less: Sch 4 Exemption -

(executer cannot enjoy this exemption)

80,000

RPGT rate 30%

RPGT payable 24,000

(c) Disposal of land by Arjun to 3rd party:

Disposal price (1/4/2021) 340,000

Acquisition price (1/5/2020) (280,000)

Chargeable gain 60,000

Less: Sch 4 exemption (10,000)

10% x 60,000 or 10,000 whichever is higher

 50,000

RPGT rate 30%

RPGT payable 15,000

if Arjun received a compensation of RM42,000 for damage to the land:

Disposal price (1/4/2021) 340,000

Acquisition price (1/5/2020) 280,000

(-) Compensation received (42,000) (238,000)

Chargeable gain 102,000

Less: Sch 4 exemption (10,200)

10% x 102,000 or 10,000 whichever is higher

91,800

RPGT rate 30%

RPGT payable 27,540