Malaysia legislation
Section 2
Section 2
The Income Tax Act 1967 [Act 53], which is referred to as the “principal Act” in this Act, is amended in subsection 2(1)
by substituting for the definition of “capital asset” the following definition:
‘ “capital asset” means—
(a)
movable or immovable property situated outside
Malaysia including any rights or interests thereof;
or
(b)
movable property situated in Malaysia which is a share of a company incorporated in Malaysia not listed on the stock exchange (including any rights or interests thereof) owned by a company, limited liability partnership, trust body or co-operative society;’.
Amendment of section 15c