Tutorial $7-$ Investment Income

Question $1$

Mr$.$ Tan owns an apartment and a shop house in Alor Setar, Kedah. He lets out both properties to tenants on short and longterm tenancies. He provides active and comprehensive. maintenance and support services to his properties. The following information is provided regarding his income for the year ended $31$ December $2019$:

Apartment $($Acquired on $15\mathrm{.}1\mathrm{.}2019$ and first rented out on $1\mathrm{.}3\mathrm{.}2019).$

$\backslash$table$[[$Receipts:$,$RM$],[$Rental: Mar $2019-$ Jul $2019,7,500],[$August $2019,$Vacant$],[$Sep $2019-$ Dec $2019,10,000],[$Deposit $($not refundable$),8,000],[$Deposit for electricity, water and telepthone,$4,000]]$

$\backslash$table$[[$Payments:$,],[$Assessment $($annual$),1,000],[$Repairs $($carried out in Aug $2019)$:$,],[$Replacement of broken window,$3,000],[$Renovation of master bedroom,$25,000],[$Installation of security alarm,$3,800]]$

Shop house $($Acquired on $1\mathrm{.}6\mathrm{.}2018$ and first rented out on $1\mathrm{.}4\mathrm{.}2019).$

Receipts:

Rental: Apr $2019-$ Dec $2019,14,000$

Deposit $($refundable$)$

RM

Payments:

Assessment $($annual$)2,000$

Quit rent $($annual$)500$

Repairs $($carried out in Mar $2019)$: