Form B · ListBelanja
Capital allowances: claim business assets at the right rates
When you buy a computer, phone or vehicle for the business, the cost isn't deducted all at once. You claim an initial allowance in the first year and an annual allowance every year until the cost is used up.
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Updated
Capital allowance rates by asset class
| Asset class | Initial allowance | Annual allowance |
|---|---|---|
| Computers, phones, tablets, software (ICT) | 40% | 20% |
| Office equipment, furniture & fittings | 20% | 10% |
| General plant & machinery | 20% | 14% |
| Motor vehicles | 20% | 20% |
| Heavy machinery | 20% | 20% |
| Other assets | 20% | 10% |
Vehicle caps & low-value assets
- Non-commercial vehicles: qualifying cost is capped at RM50,000; RM100,000 for new vehicles costing up to RM150,000.
- Low-value assets: up to RM2,000 each can be claimed in full, up to RM20,000 a year.
- Assets sold or scrapped: a balancing allowance or charge is worked out.
ListBelanja does the maths
Add the asset once with its purchase date and cost (or scan the receipt). Every year ListBelanja works out the initial allowance, annual allowance and residual expenditure at that year's LHDN rates — and carries it into Form B.
Frequently asked questions
Does a mobile phone qualify for capital allowance?
Yes, if it's used for the business it falls in the ICT class. If it costs no more than RM2,000, it can also be claimed in full as a low-value asset.