Replacement of Old Furniture is Tax Deductible for Rental Income

Reminder: Although the initial cost of buying furniture and furnishing a rental property is not tax deductible, do keep all the receipts; because just in case you are going to replace the old furniture in future, then the replacement costs are tax deductible for your rental income. Click here to read more important tips from [...]

Investment Property Tax vs Property Trading Tax

Expo: Star Property Fair 2011 Date: 21 – 24 July 2011 Venue: Gurney Plaza, Penang Admission: Free During a free property talk ‘How to Plan Your Real Estate Taxes and Financing Structure’, the speaker, Mr. Neo Chin Wah, Managing Partner of AljeffriDean, shared about the tax difference between making property investment and property trading. Investment [...]

Tax Saving Tips for Rental Property Investment in KL Malaysia: Claim Vacancy Allowance

How to save tax on rental property income in Kuala Lumpur, Malaysia? According to the official portal of Kuala Lumpur (DBKL), house owner is actually can apply for a “Vacancy Allowance” for properties that unable to be rented on condition that he write-in to apply it within 7 days of the property becoming vacant and [...]

What is the Property Tax Rate in Malaysia

How is property tax determined for foreigner buying property in Malaysia? Surprisingly, both foreigner and local will be imposed the same property tax rate effective from 1 Jan 2010 as according to the announcement of latest Budget 2010 Malaysia by government. Real Property Gains Tax (RPGT) at a fixed rate of 5% will be imposed [...]

How to Claim Back Overpaid Income Tax from LHDN Malaysia

Received any letter from LHDN informing that your are not allowed to claim back overpaid income tax as your account did not indicate any figure available for the claiming? Recently, my friend received a letter from LHDN. “akaun tuan tidak menunjukkan apa-apa baki kredit yang boleh dibayar balik” Hassle E-Filing I’m scratching my head and [...]

Free Download Tax Software Taxsaya

Not sure how to fill up tax forms? Feel headache every time during tax submission? Paying unnecessary money to tax agents? Paying more taxes than necessary? Try this Taxsaya. It is the First & Only in Malaysia for free download tax software. Image Source: Taxsaya A Better Choice than E-Filing Taxsaya is a user friendly [...]

Property Guru Azizi Ali in BFM 89.9

Image Source: http://new.dixie.edu/radio/ Feel tired of reading books to learn about financial, business, and investment? Feel bored with the existing entertainment driven radio stations in Malaysia? Looking for fun and relaxing educational radio station online? Listen to BFM 89.9, The Business Station. A radio station that serves a niche market, the way financial newspapers serve [...]

RM60 Billion Mini Budget as Second Stimulus Package 2009 By Government To Help Malaysia Survive From The Global Economic Crisis

Image Source: The Star KUALA LUMPUR: Deputy Prime Minister Datuk Seri Najib Tun Razak tabled an RM60bil “mini budget” (see below for full text) as part of the second economic stimulus package to help Malaysia weather the global economic crisis. Najib, also the Finance Minister, pulled no punches as he unveiled the Supplementary Supply Bill [...]