Malaysia Real Estate

bayu · Joined: 11 Oct 2006 Posts: 211 Location: Kampung

Hi Allan

I am not a tax expert.......

The rental income is taxable.

When you buy a house, you need to pay stamp duty... lawyer fee for S&P and Loan.

What do you study at uni???

Tommy

allanchan · Posted: Sat Mar 31, 2007 5:06 am Post subject:

Hai.. i c...thanks. i study at UKM(universiti Kebangsaan Malaysia) i am 1st year student.

izit the higher the rent the higher the tax rate?

bayu · Joined: 11 Oct 2006 Posts: 211 Location: Kampung

Hi

If i am not mistaken, the rent is like your normal income. Don't worry, i think your income from your rent would attracts too much tax...

If you are still a student, i wonder how you could pay tax because you have no income tax account..... etc.... you might want to apply for an income tax account....

Tommy

allanchan · Posted: Wed Apr 04, 2007 3:28 am Post subject:

hai,

thanks for the information, ya i still student(and no income). i know this still early for me but i intrested to be a real estate investor one day. thats y i start my frist step now...