Professional Documents
Culture Documents
1
CONFIDENTIAL AC/JULY 2021/TAX267/TEST
QUESTION 1
A
According to Section 7(IB)√ Soraya Ahmad is deemed a tax resident in Malaysia√√ for
YA2020, YA2021 and YA2022 as she is Malaysian citizen√. Besides, she is working with the
Ministry of Foreign Affairs of Malaysia (government servant) √ and exercising her employment
outside Malaysia as she is required by her employer to work in Taiwan√.
(6√ X ½ mark = 3marks)
Total: 15 marks
2
CONFIDENTIAL AC/JULY 2021/TAX267/TEST
QUESTION 2
A (a)
Factory building
RM RM
YA2019 √ QBE 1,500,000 √
IA – 10%√ (150,000)
AA – 3%√ (45,000) (195,000)
RE 1,305,000
YA2020 AA – 3%√ (45,000)
RE 1,260,000
Heavy machinery
75% Rule:
185,000 / 1,035,000 = 17.9% √
Since cutting and levelling the land is less than 75% √ from the Aggregate Cost, it does not
qualify as qualifying building expenditure √
Thus, heavy machinery qualifies for qualifying plant expenditures and entitle for capital
allowances √.
RM RM
YA2020 QPE 850,000
IA – 20%√ (170,000)
AA – 20%√ (170,000) (340,000)
RE 510,000
3
CONFIDENTIAL AC/JULY 2021/TAX267/TEST
A (b)
Option 1
The warehouse building would be eligible for industrial building allowance√ as the warehouse
is within the same curtilage of the factory √
Option 2
The warehouse building would not be eligible for industrial building allowances√ as the
building was not within the same curtilage of the factory building. √
(4√ X ½ mark = 2 marks)
- AC √ (30,000) √
(Disposed
within 5 years)
YA 2020 - AA - - - 7,000 x 6/12
= 3,500 √
4
CONFIDENTIAL AC/JULY 2021/TAX267/TEST
QUESTION 3
(a) Computation of divisible income for Salleh, Ali and Azmi for the YA2020
RM RM
Provisional adjusted income 156,050√
Less: benefits to partners:
Salary
Salleh (RM2,000 x 11 months) 22,000√
Ali (RM2,000 x 12 months) 24,000√
Azmi (RM2,000 x 9 months) 18,000√
(64,000)
Interest on capital
Salleh (RM6,000 x 10% x 11/12 months) 550√
Ali (RM6,000 x 10% x 12/12 months) 600√
Azmi (RM12,000 x 10% x 9/12 months) 900√
(2,050)
Divisible income√ 90,000
(8√ x ½ mark = 4 marks)
(b) Computation of total income for Salleh, Ali and Azmi for the YA2020
RM RM RM
Divisible income: Salleh Ali Azmi
(1/1 – 31/3/2020) RM90k x 3/12 = RM22,500 (1:1) √ 11,250√ 11,250√ -
(1/4 – 30/11/2020) RM90k x 8/12 = RM60,000 (1:1:2) √ 15,000√ 15,000√ 30,000√
(1/12 – 31/12/2020) RM90k x 1/12 = RM7,500 (1:2) √ - 2,500√ 5,000√
26,250 28,750 35,000
END OF SOLUTION