Malaysia Real Estate

[jerryling]

hi all,

really need your all help and advice for this as i planned to invest in properties.

example: i have 4 condo which renting to others..month rental for total rental is 20k.

gross rental = 20k

1) can some one tell me how much tax i need to pay? (i and my wife both working and the condo is under ours name)

2) wat is the expence which can deduct tax?

3) any others way to save tax?

please help me if any expert here. thanks a lot.
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i love properties

[purpleshoppe]

pls get a tax agent la!

when u have 3 or more property of any kind (pls check Tax Law) then it would be considered business income. if you have an OG file, it is straight forward. if you have the standard EA form for individuals, then please use "pendapatan perniagaan"

some expenses such as~
1. insurance
2. assessment
3. cukai pintu
4. cukai tanah
5. maintenance
6. interest on financing (not loan repayment - only interest portion)
7. repairs
8. other relevant expenses
~are tax deductible

improvements such as installing air-cond, renovation etc are improvements, are not tax deductible. if you have time, read the tax law. but safest is to have a qualified accountant or tax agent to do it for you. pay them a nominal fee la... should be quite cheap (<RM1000)

good luck!