NOTES TO THE FINANCIAL STATEMENTS - 31 DECEMBER 2023 16. Deferred tax liability Group and Fund 2023 2022 RM RM At 1 January 1,662,541 1,765,866 Recognised in profit or loss (Note 7) (140,000) (103,325) At 31 December 1,522,541 1,662,541 The components and movements of deferred tax liability during the financial year are as follows: Deferred tax liability - Group and Fund Investment properties RM At 1 January 2023 1,662,541 Recognised in profit or loss (140,000) At 31 December 2023 1,522,541 At 1 January 2022 1,765,866 Recognised in profit or loss (103,325) At 31 December 2022 1,662,541 The deferred tax liability relates to fair value gain on investment properties which is expected to be recovered through sale. The amount of deferred tax recognised is measured using the tax rates that would apply on the sale of those assets at their carrying values at the reporting date unless the property is held with the objective to consume substantially all the economic bene ts embodied in the property over time, rather than through sale. Based on the Finance Act 2019 which was gazetted in December 2019, it was clari ed that the RPGT rate of 10% is prescribed for disposal of investment properties held for more than 5 years for a trustee of a trust. AL-`AQAR HEALTHCARE REIT ANNUAL REPORT 2023 212 FINANCIAL STATEMENTS 1 2 3 4 5
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