Malaysia legislation
Section 64
Section 64
schedule 4 to the principal Act is amended in paragraph 2—
(a)
by substituting for the words “which is not or was not part of a larger chargeable asset at the time of the disposal:” the words “or where the chargeable asset is
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Finance partly disposed, the amount to be allowed in respect of such disposal shall be ascertained in accordance with the following formula:
A x c
B where
A is part of the area of the chargeable asset disposed;
B is the total area of the chargeable asset;
c is ten thousand or ten percent of the chargeable gain whichever is greater.”; and
(b)
by deleting the proviso.
KUALA LUMPUR