Malaysia legislation
Section 34
Section 34
Schedule 4 to the principal Act is amended in paragraph 2
by substituting for the formula to that paragraph the following formula:
“(a) relating to the disposal of real property—
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 per cent of the chargeable gain, whichever is greater;
Act 833
(b)
relating to the disposal of shares—
A x C
—
B where
A is the number of shares deemed to be a chargeable asset under paragraph 34 or 34a of Schedule 2 disposed;
B is the total number of issued shares deemed to be a chargeable asset in relation to shares deemed to be chargeable asset under paragraph 34 or 34a of Schedule 2;
C is ten thousand;
or ten per cent of the chargeable gain, whichever is greater.”.
Amendment of Schedule 5