SMALL VALUE ASSETS

SME with less than 2.5m capital at beginning of YA and not controlled by another company with more than 2.5m capital qualify for:

Small value asset write-off – ie asset value less than RM1,000 can be claimed in a year with no maximum amount. (Effectice YA 2009)

For non-SME the limit is RM10,000 total for a year. (also apply to SME before YA 2009)