Convert Enterprise to Sdn Bhd Part 4 ... Valuation of Stock

01What is the valuation of stock for the conversion from enterprise to Sdn Bhd?

02Referring to Public Ruling 2/2020 Tax Treatment of Stock in Trade Part 1 - Valuation of Stock

03Valuation of Stock equal to

1. Price paid on the sales or
2. Value of the consideration

04Valuation of Stock is not market value of the stock

05Conditions

Where a person permanently ceases to carry on his business and –

(a) any stock of the business is transferred on cessation or shortly after cessation for a valuable consideration to another person who intends to use that sold or transferred stock in his business

(b) the cost of the transferred stock is deductible as an expense in computing the other person’s adjusted income for the basis period for a year of assessment of his business

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