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 Taxable income for individuals, businesses

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WLMS
post May 14 2013, 09:25 PM

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Hi, you cant claim capital allowance for the house. The reason being are as follows:-

a) You can only claim for capital allowance on building when fulfil the following reason.
http://www.treasury.gov.my/index.php?optio...mid=200&lang=en

b) However, you can still claim your laptop, printer, and some plant and machinery which is incurred to generate your income. Your can refer to latest pwc booklet on page 20 in how to claim the capital allowance.
Rmbr: you need to fulfil the followings: a) must be the OWNER of the plant and machinery, b) USED at the end of the year and c) MUST for business purpose.
http://www.pwc.com/en_MY/my/assets/publica...b-2012-2013.pdf

Between, I also running the my business (accounting and tax service for my client), do you think we have chance to work 2gather? Hehe...
WLMS
post May 16 2013, 06:24 PM

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QUOTE(Satomi.Likes @ May 16 2013, 04:52 PM)
I see. Many thanks for the info, as it really helps to clarify the situation for me. I appreciate your offer for collaboration but I am certainly not big nor complex enough to outsource my tax. =)
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Haha, sure thing, no problem, cheers...

 

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