DGIR v. KTT [1997]: Legal Owner vs Beneficial Owner
Since the purpose of this article is to serve as an illustration, all real names and dates have been altered. High Court Malaya, Johor Bahru Abdul Malik Ishak J [Civil Appeal No: 12-18-1997] 25 September 1997 JUDGMENT Abdul Malik Ishak J: This appeal came up to me because of a case stated by the Special […]
Taxation of Partnerships – Capital Allowance
Since a partnership is not a legal person it cannot own fixed assets. These, therefore, belong jointly to the individual partners. Those who own the plant or machinery and use it in the course of their trade, business, or profession are the ones who are generally eligible for the capital allowances. Nevertheless, a notable exemption is […]
