Unit Trusts

What is the main purpose of a unit trust fund?

• To manage real estate properties

• To pool financial resources from investors for large scale investments

• To provide loans to individuals

• To offer insurance services

What is the tax rate applicable to companies (resident or non-resident) for distributions received from a unit trust?

• 10%

• 24%

• 20%

• 15%

What type of income is exempt from tax for a unit trust fund?

• Interest from foreign banks overseas

• Dividends from pioneer companies

• Gains from the disposal of investments

• Interest from savings certificates issued by the Government

What is the tax treatment for gains realized by the unit holders on the sale or redemption of their units in the unit trust?

• Not subject to tax

• Taxed at 20%

• Taxed at 24%

• Taxed at 15%

What is the tax rate applicable to non-resident individuals for distributions received from a unit trust?

• 15%

• 20%

• 24%

• 30%

What is the tax treatment for interest from government bonds received by a unit trust fund?

• Taxed at 15%

• Exempt from tax

• Taxed at 10%

• Taxed at 20%

What is the role of the trustee(s) in a unit trust arrangement?

• To handle marketing and administrative functions

• To manage the unit trust for profit

• To calculate the unit price

• To safeguard the unit trust's assets and protect the unit holders' interest

What is the tax rate applicable to resident individuals for distributions received from a unit trust?

• 15%

• 20%

• 30%

• 24%

What type of income is classified as exempt from tax for a unit trust fund?

• Interest from government bonds

• Gains from the disposal of investments

• Dividends from pioneer companies

• Interest from foreign banks overseas

What is the tax treatment for dividends from shares listed on Bursa Malaysia received by a unit trust fund?

• Taxed at 10%

• Exempt from tax

• Taxed at 20%

• Taxed at 15%