LTT KiraKira · Free

Fixed Asset Schedule & Capital Allowance

Enter each asset once. The register rolls it forward from the day you bought it — depreciation, capital allowance, balancing charge and the deferred tax difference all fall out.

03-Sep-26

KiraKiraFixedAsset-App.HTML

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LTT Outsourced CFO Sdn. Bhd.

01 Whose books are these

Company / business name

Registration no.

Tax identification no.

Your logo on the schedule

No logo

02 The year you are closing

Financial year from

Financial year to

The year of assessment follows the financial year end. Everything before this year is rolled forward from each asset’s own purchase date, so you do not key in brought-forward figures.

Year of assessment

Tax rate for deferred tax (%)

This is an SME — paid-up capital RM2.5m or less and gross business income RM50m or less. SMEs claim small value assets with no RM20,000 ceiling. Depreciate by the month in the year of purchase and the year of disposal. Untick for a full year’s charge in the year of purchase, none in the year of sale.

03 Asset classes and their policy

Seeded from the LTT standard chart of accounts. The account code shown is the cost account; the accumulated depreciation account is the same code ending 02. Change a rate, a method or a capital allowance class and every asset in that class follows. Plant & machinery is the one class with no code — the standard chart has no general plant and machinery account, so put your own in.

ClassCost a/cDep %Method Capital allowance

04 The assets

Small value assets. Anything costing RM2,000 or less is claimed in full in the year of purchase. Tick the box on the asset to treat it that way — the tool applies the RM20,000 ceiling only if you are not an SME.

Passenger vehicles. Qualifying expenditure is capped at RM50,000, or RM100,000 if the car was bought new and cost RM150,000 or less on the road. The cap follows through to the disposal: the sale proceeds are scaled by the same fraction.

05 What to print

Fixed asset register — every asset, line by line Capital allowance computation Deferred tax working — net book value against tax written down value Prepared by / approved by signature block

Paper

Print size

Prepared by

Approved by

06 Saved registers

Everything stays in this browser — nothing is uploaded, and we never see your figures. Clearing your browser data will delete saved registers, so keep the printed PDF as your record.

This computes the ordinary Schedule 3 allowances. It does not attempt reinvestment allowance, agriculture or forest allowances, industrial building allowance on a purchased building, incentives under the Promotion of Investments Act, or assets used partly outside the business. If any of those apply, the schedule is a starting point, not the answer.

LTT KiraKira — free tools for Malaysian business owners · free.lttcfo.ai
LTT Outsourced CFO Sdn. Bhd. · The asset register is the one working paper that has to agree three ways — to the ledger, to the tax computation, and to what is actually on the floor.