Air Indah Bhd purchases a landed property at a cost of RM 200,000,000. In the sale and purchases agreement, RM40,000,000 of the purchase price is attributed to the land portion. The building consists of 20 floors of equal Four floors are used for administrative purposes and the balance let out to tenants. Air Indah Bhd also incurs the following costs in connection with the purchase of the property. RM'000 Legal and agency fees 6,000 Soft launching cost to market for tenants 1,000

Air Indah Bhd purchases a landed property at a cost of RM 200,000,000. In the sale and purchases agreement, RM40,000,000 of the purchase price is attributed to the land portion. The building consists of 20 floors of equal Four floors are used for administrative purposes and the balance let out to tenants. Air Indah Bhd also incurs the following costs in connection with the purchase of the property. RM'000 Legal and agency fees 6,000 Soft launching cost to market for tenants 1,000

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter9: Acquisitions Of Property

Section: Chapter Questions

Problem 44P

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