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4.11 Motor racing circuit (para 37H) Which is constructed/ purchased by Tun Razak
Exchange Marque Status Company for the purpose
Capital exp. on the construction, of qualifying activity used in TRX – IA
reconstruction as approved by Minister – IB AA – 10%
IB Annual allowance (para 16, Sch 3)
75% rule (para 67)
Rental income on IB
YES Capital exp. incurred on preparing, NO
Is the rented out portion ≤
AA is given to a person who:
Where an IB in relation to para:
cutting, tunneling
10% of totalinfloor
order
areato
of prepare site a) Has incurred QBE on the construction/
the whole building ?
for the business. 37A private hospital, maternity home, nursing
the Whole part used as IB is purchase of IB
building iS IB
Formula eligible for IBA b) The owner of the building at the end home
of basis period
Plant & machinery (P) 37B building used for research/ training:
c) The building was in use as an IB for the
Add: cost of preparing, cutting (L) purpose of business. i. Approved by Minister
Contrasted building ii. Approved by research co./ institute
(E) iii. R&D co.
If L ≥ 75% of E, then E will be treated as QBE AA- 3% on the QBE computed on a iv. Contract R&D Co.
straight – line basis.
If L ≤ 75% of E, then P will be the Qualifying 37C building used for storage of goods for
plant exp. L would not be given any tax relief. export/ storage of imported goods for
processed & distributed/ re-exported