SUNWAY REIT HOLDINGS Sdn Bhd

Organisation 1 case

About SUNWAY REIT HOLDINGS Sdn Bhd

SUNWAY REIT HOLDINGS Sdn Bhd appears as a party in 1 judgment in the MY Case Law database, spanning March 2025 to March 2025. SUNWAY REIT HOLDINGS Sdn Bhd appeared as appellant in 1 case. Cases span the Court of Appeal (1).

How many court cases involve SUNWAY REIT HOLDINGS Sdn Bhd?

SUNWAY REIT HOLDINGS Sdn Bhd appears in 1 published judgment from March 2025 to March 2025. Most commonly as appellant (1 cases).

Practice Areas

The case concerns the deductibility of interest expenditure for tax purposes. The Court of Appeal ruled in favor of Sunway REIT Holdings Sdn Bhd, holding that the return of capital received from Sunway REIT is taxable income. It also held that section 33(1) of the ITA does not allow for apportionment of interest expenditure, making Public Ruling No. 2/2011 ultra vires. Consequently, the court allowed the full deduction of RM18,188,537.62 in interest expenditure against the taxable income for the relevant year. The High Court’s decision was set aside, with costs awarded to the appellant. 1

Appellant (1)

w-01a-610-08-2022 MYCOA

SUNWAY REIT HOLDINGS SDN BHD v KETUA PENGARAH HASIL DALAM NEGERI

5 March 2025