KUALA LUMPUR: The business trust industry has been given a boost under the Budget 2013 proposals including income tax, stamp duty and real property gains tax (RPGT) treatments similar to that of a company. This is expected to take effect from the year of assessment 2013.
The government said the business trust, established under the Capital Market and Services Act 2007, adopts the unit trust structure when running its business.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
