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Tax Treatment For Unregistered Recons?
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<blockquote data-quote="BeemerSTER" data-source="post: 305395" data-attributes="member: 1746"><p>I thought capital allowance cap is RM150k(vs RM100k) for new/recon cars if the car is above RM150k?</p><p> </p><p>OSFlanker,</p><p> </p><p>Good point. Spoke to a friend recently and his auditors & tax agents advised his recon cars to be declared as "used" cars which allows up to RM50k for capital allowance. Anyone has got first hand experience on getting challenged and survived? <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite2" alt=";)" title="Wink ;)" loading="lazy" data-shortname=";)" /></p></blockquote><p></p>
[QUOTE="BeemerSTER, post: 305395, member: 1746"] I thought capital allowance cap is RM150k(vs RM100k) for new/recon cars if the car is above RM150k? OSFlanker, Good point. Spoke to a friend recently and his auditors & tax agents advised his recon cars to be declared as "used" cars which allows up to RM50k for capital allowance. Anyone has got first hand experience on getting challenged and survived? ;) [/QUOTE]
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