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 Putting Residential Properties into Sdn Bhd

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TSManyproblem
post Apr 27 2010, 10:53 PM, updated 16y ago

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All Masters,

I'm currently holding 4 residential properties under my name, and i heard that we can form a sdn bhd, and put all of them into the company. But this is only an idea i heard from someone while having teh tarik at nite when i'm back to malaysia during holiday,haha......

I have lots of questions in my head,

1.) How to transfer from personal to company?
2.) All the properties is still under bank loan, can we transfer to a company?
3.) What is the good point of having it transfer into a company?

Another side question is, how should i report my tax for the rental properties? I'm currently working Australia, and does not report tax in Malaysia. So will all the rental income starts from RM0 when i report my tax in Malaysia? Or i need to put in my Australia income and add up from there??

Thank you very much for all your guidance.


Added on April 28, 2010, 2:12 pmErm.......how come no one is advising on this topic sad.gif

This post has been edited by Manyproblem: Apr 28 2010, 02:12 PM

 

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