Income from REIT: Rent – hotel buildings 370,000 Rent – offices and car parks 595,000 Management services 176,500 Interest – Pengurusan Danaharta Nasional Sdn Bhd 78,000 Expenses: Repair and maintenance of rented properties 195,000 Legal fees – rental agreement 12,000 Stampt duty for rental agreement 2,400 Insurance, assessment and quir rent 20,000 REIT manager’s remuneration 150,000 Wages, salaries and contribution to approved EPF 320,00 Valuation Fee 17,800 Allowance for impairment loss 16,000 Depreciation 15,000 Additional info : The capital allowances and industrial building allowances for the year assessment 2020 were RM20Millions and RM27Millions respectively. Required: Compute the income that should distributes to its unit holders for the company to be eligible for fully exemption from tax .
Income from REIT:
Rent – hotel buildings 370,000
Rent – offices and car parks 595,000
Management services 176,500
Interest – Pengurusan Danaharta Nasional Sdn Bhd 78,000
Expenses:
Repair and maintenance of rented properties 195,000
Legal fees – rental agreement 12,000
Stampt duty for rental agreement 2,400
Insurance, assessment and quir rent 20,000
REIT manager’s remuneration 150,000
Wages, salaries and contribution to approved EPF 320,00
Valuation Fee 17,800
Allowance for impairment loss 16,000
Additional info :
The capital allowances and industrial building allowances for the year assessment 2020 were RM20Millions and RM27Millions respectively.
Required:
Compute the income that should distributes to its unit holders for the company to be eligible for fully exemption from tax .
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