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Tutorial 5 Week 6 - Question

The document discusses section 4(1)(c)(ii) of the Trustee Act 1949 which relates to how a trustee may invest trust funds in immovable property in Malaysia if certain conditions are met such as the property having a lease of at least 60 years remaining and buildings on the land generating a gross rental of at least 7% of the purchase price.

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108 views1 page

Tutorial 5 Week 6 - Question

The document discusses section 4(1)(c)(ii) of the Trustee Act 1949 which relates to how a trustee may invest trust funds in immovable property in Malaysia if certain conditions are met such as the property having a lease of at least 60 years remaining and buildings on the land generating a gross rental of at least 7% of the purchase price.

Uploaded by

Jitha Ritha
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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UEQ 3622

Equity & Trust

TUTORIAL 5 Week 6

S 4(1)(c)(ii) of the Trustee Act 1949:-

“A trustee may invest any trust funds in his hands, whether at the time in a state
of investment or not, in manner following –

(c) in or upon titles to immovable property in Malaysia, such titles being freehold
titles or grant in perpetuity or leases (other than mining leases) for a term
whereof sixty years at lest is unexpired at the time of such investment:

Provided that –

(ii) there be erected on the land to which such title relates houses or other
buildings the gross rental whereof, together with the land appurtenant
thereto, is at that time of such investment not less than seven per centum of
the purchase price of the land, in the case of purchase price, or of the value of
such land, as ascertained under section 12(1)(a), in the case of charge;’.

Discuss.

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