NorthernCC REIT (NCC), a listed and approved REIT started its operation since year 2009. NCC received...

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NorthernCC REIT (NCC), a listed and approved REIT started its operation since year 2009. NCC received income from the letting of hotels as well as offices and car parks in northern region. The followings information was extracted from Statement of Comprehensive Income of NCC for the year ended 30 September 2021: Item Income from REIT: Rent - hotel buildings Rent - offices and car parks Management services fee Interest - Pengurusan Danaharta Nasional Sdn Bhd Expenses: Repair and maintenance of rented properties Legal fees - rental agreement Stamp duty for rental agreement Insurance, assessment and quit rent REIT manager's remuneration Wages, salaries and contributions to approved employees' provident fund Valuation fee Allowance for impairment loss Depreciation RM'000 370,000 595,000 176,500 78,000 195,000 12,000 2,400 20,000 150,000 320,000 17,800 16,000 15,000 Additional information: The capital allowances and industrial building allowances for the year of assessment 2021 were RM20 millions and RM27 millions respectively. REQUIRED: Compute the income that NCC should distribute to its unit holders for the company to be eligible for fully exemption from tax for the year of assessment 2021. NorthernCC REIT (NCC), a listed and approved REIT started its operation since year 2009. NCC received income from the letting of hotels as well as offices and car parks in northern region. The followings information was extracted from Statement of Comprehensive Income of NCC for the year ended 30 September 2021: Item Income from REIT: Rent - hotel buildings Rent - offices and car parks Management services fee Interest - Pengurusan Danaharta Nasional Sdn Bhd Expenses: Repair and maintenance of rented properties Legal fees - rental agreement Stamp duty for rental agreement Insurance, assessment and quit rent REIT manager's remuneration Wages, salaries and contributions to approved employees' provident fund Valuation fee Allowance for impairment loss Depreciation RM'000 370,000 595,000 176,500 78,000 195,000 12,000 2,400 20,000 150,000 320,000 17,800 16,000 15,000 Additional information: The capital allowances and industrial building allowances for the year of assessment 2021 were RM20 millions and RM27 millions respectively. REQUIRED: Compute the income that NCC should distribute to its unit holders for the company to be eligible for fully exemption from tax for the year of assessment 2021.

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To find the income that NCC should distribute to its unit holders in order to be eligible for full t... View the full answer