Inland Revenue Board Malaysia Income from Letting of Real Property Public Ruling No. 4/2011
INLAND REVENUE BOARD MALAYSIA
INCOME FROM LETTING OF REAL PROPERTY
PUBLIC RULING NO. 4/2011
Translation from the original Bahasa Malaysia text
DATE OF ISSUE: 10 MARCH 2011
INCOME FROM LETTING OF REAL PROPERTY Public Ruling No. 4/2011 Date of Issue: 10 March 2011
INLAND REVENUE BOARD MALAYSIA
CONTENTS 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 11. 14. Introduction Related provisions Interpretation Letting of real property as a business source Letting of real property as a non-business source Commencement date of letting of property All real properties grouped as a single source Expense relating to income of letting of real property Rental income received in advance Capital allowance Industrial building allowance Replacement cost of furnishings Letting of part of building used in the business Effective Date
Page 1 1 1 1-4 4-5 5-7 7 - 13 13 - 19 19 - 22 22 - 25 26 26 26 26
DIRECTOR GENERAL'S PUBLIC RULING A Public Ruling as provided for under section 138A of the Income Tax Act 1967 is issued for the purpose of providing guidance for the public and officers of the Inland Revenue Board Malaysia. It sets out the interpretation of the Director General of Inland Revenue in respect of the particular tax law, and the policy and procedure that are to be applied. A Public Ruling may be withdrawn, either wholly or in part, by notice of withdrawal or by publication of a new ruling which is inconsistent with it.
Director General of Inland Revenue, Inland Revenue Board Malaysia.
INCOME FROM LETTING OF REAL PROPERTY Public Ruling No. 4/2011 Date of Issue: 10 March 2011
INLAND REVENUE BOARD MALAYSIA 1. This Ruling explains: (a) (b)
Letting of real property as a business source under paragraph 4(a) of the Income Tax Act 1967 (ITA); and Letting of real property as a non-business source under paragraph 4(d) of the ITA.
2.
The provisions of the ITA related to this Ruling are paragraphs 4(a) and 4(d), subsections 33(1) and 39(1). The words used in
INCOME FROM LETTING OF REAL PROPERTY
PUBLIC RULING NO. 4/2011
Translation from the original Bahasa Malaysia text
DATE OF ISSUE: 10 MARCH 2011
INCOME FROM LETTING OF REAL PROPERTY Public Ruling No. 4/2011 Date of Issue: 10 March 2011
INLAND REVENUE BOARD MALAYSIA
CONTENTS 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 11. 14. Introduction Related provisions Interpretation Letting of real property as a business source Letting of real property as a non-business source Commencement date of letting of property All real properties grouped as a single source Expense relating to income of letting of real property Rental income received in advance Capital allowance Industrial building allowance Replacement cost of furnishings Letting of part of building used in the business Effective Date
Page 1 1 1 1-4 4-5 5-7 7 - 13 13 - 19 19 - 22 22 - 25 26 26 26 26
DIRECTOR GENERAL'S PUBLIC RULING A Public Ruling as provided for under section 138A of the Income Tax Act 1967 is issued for the purpose of providing guidance for the public and officers of the Inland Revenue Board Malaysia. It sets out the interpretation of the Director General of Inland Revenue in respect of the particular tax law, and the policy and procedure that are to be applied. A Public Ruling may be withdrawn, either wholly or in part, by notice of withdrawal or by publication of a new ruling which is inconsistent with it.
Director General of Inland Revenue, Inland Revenue Board Malaysia.
INCOME FROM LETTING OF REAL PROPERTY Public Ruling No. 4/2011 Date of Issue: 10 March 2011
INLAND REVENUE BOARD MALAYSIA 1. This Ruling explains: (a) (b)
Letting of real property as a business source under paragraph 4(a) of the Income Tax Act 1967 (ITA); and Letting of real property as a non-business source under paragraph 4(d) of the ITA.
2.
The provisions of the ITA related to this Ruling are paragraphs 4(a) and 4(d), subsections 33(1) and 39(1). The words used in