The exemption of Paragraph 2 of Schedule 4 is available to individual only and is allowed as follows:
- Disposal of the whole share owned by individual
The exemption is RM10,000 or 10% of the chargeable gain, whicever is greater. - Disposal of part of the whole share owned by individual (with effect from 31.12.2015)
If an individual dispose part of his entire share, the exemption allowed is as follows:
(a)
A X C B
where,
A - Is part of the area of the chargeable asset disposed
B - Is the total area of the chargeable asset
C - RM10,000
or
10% x chargeable gain, whichever is greater.
(b)
A X C B
where,
A - is the number of shares deemed to be a chargeable asset under paragraph 34 or 34A of scheduled 2 disposedB - is the total number of issued shares deemed to be a chargeable asset in relation to shares deemed to be chargeable asset under paragraph 34 or 34A of schedule 2
C - RM10,000
atau
10% x chargeable gain, whichever is greater.