ESP24. Accelerated Capital Allowance

• Expenses on plant and machinery incurred between 10.3.2009 to 31.12.2010 be given Accelerated Capital Allowance - claim within 2 years
• Expenditure on renovation and refurbishment incurred between 10.3.2009 to 31.12.2010 qualified for Accelerated Capital Allowance  claim within 2 years (currently not allowed).
• The allowance is capped at RM100,000 for 8 years of assessment per tax payer.
• the qualifying expenses are
• general electrical installation
• lighting
• gas system
• water system
• litchen fittings
• sanitary fittings
• door, gate, window, grill and roller shutter
• fixed partitions
• flooring
• wall covering
• false ceiling and cornices
• ornamental features or decorations excluding fine art
• canopy or awning
• fitting room or changing room
• children play area
• recreation room for employee
• effective  Year of assessment 2009