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 Lawyers Corner, A one-stop centre on lawyers and queries

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lovelyjona
post Jan 18 2011, 11:23 AM

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Can the renovation work done by Indonesian (got sign black and white with them) counted in the deductions of expenses for the gain tax? How about those receipts of buying material like cement, paint, wood, tiles and etc?

Thanks.
lovelyjona
post Jan 18 2011, 01:25 PM

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QUOTE(dariofoo @ Jan 18 2011, 12:56 PM)
All the above would come under renovation costs and can be deducted for the purposes of determining the nett gain for RPGT.

In addition, can I humbly suggest that you buy a receipt book (the one sold at bookshops for RM2-RM5), fill up the details yourself and ask them to sign at the bottom, with their particulars? It would be better that way instead of a mere blank paper.

Don't forget other receipts like for legal fees paid when purchasing (and subseuqently selling) the house. It would be wise to keep a proper record now itself  smile.gif
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We prepared the detail of renovation work and put in the Indonesian particular like passport, work permit, etc and both party signed after the money was paid. Can this be use instead of receipt? Not sure now can get back the Indonesian guy or not coz the renovation done last year. sad.gif

Yup, normally how much is the charger for the lawyer to submit the CKHT 1a form for seller for join name (2 person)? Is it a standard charge? The lawyer charge me rm400 but another said only rm300??? Is it advisable to submit ourself or by lawyer?


Thanks.

lovelyjona
post Jan 18 2011, 05:33 PM

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QUOTE(dariofoo @ Jan 18 2011, 03:53 PM)
If can't get them back then can't help it, I guess. Have to rely on what you have. I can't say for sure as it is for LHDN to decide. You can calculate the expenses incurred but the final decision to accept the expenses as tax-deductible is dependant on LHDN - like personal income tax.

Just put it in and keep your fingers crossed ya.  smile.gif

It is RM300 per person, irregardless whether it is joint name or otherwise. If there are 4 vendors, then it's RM300 X 4 - RM1200.

Perhaps another RM100 was quoted as disbursements? Otherwise.... sweat.gif

Have you seen the form? If you're confident to fill it up yourself and submit it yourself, then go ahead.
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THanks a alot for your info.

If we submit ourselves, do we need to pay the tax during submission at the counter? The lawyer said if we didn't let her do, then she will hold the 2% until receive the notification from gov either the tax is clear or no tax then only refund back to us (take about 6 months).

if the house is more than 5 years, is the lawyer still need to hold the 2%?
if the house is less than 5 years, is the lawyer will pay the tax from the 2% for us even we submit ourselves? Or we need to pay ourselve first than claim back the 2%?

A bit confuse....

For the charges, mean if the property is under 2 persons name, then the charges will be rm300x2 - RM600. Wow....is expensive man....I got 2 house is sold, mean have to pay rm1200???

lovelyjona
post Jan 24 2011, 08:57 AM

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QUOTE(dariofoo @ Jan 19 2011, 10:22 AM)
Have you owned the house for more than 5 years?
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yup. one house is more than 5 years, and another one is about 4 years.

Sorry, one more question, is the penalty charge by bank (last time is Zero moving cost when refinance) due to early settlement can be included in the tax deduction?

Thanks.
lovelyjona
post Jan 24 2011, 04:27 PM

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QUOTE(dariofoo @ Jan 24 2011, 03:53 PM)
I'm asking about the one you're currently selling. Anyway, if it's > 5 years, you're automatically exempted. You still need to fill up CKHT 1A and CKHT3 as well. CKHT3 will indicate
that your declaration that you've owned it for > 5 years, so the purchaser's solicitors will not retain 2% from the deposit.  smile.gif
As far as I know, it can't. But you can try to include it. At the end of the day LHDN will decide whether to allow it.  nod.gif
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Yup. I am selling 2 houses at the same time. One more than 5 years and another one not (actually I bought over from my sister more than 5 years but I only did the s&p only on 2007 when refinancing sad.gif)

So if I 'tumpang' the lawyer from the 2 different buyers, then need to pay rm300 x 2 x 2...sad.gif....Therefore thinking to do it myself.....hopefully is not so hard.

Thanks bro, you help me a lot. ^.^
lovelyjona
post Jan 24 2011, 04:41 PM

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QUOTE(dariofoo @ Jan 24 2011, 04:30 PM)
You're welcome. Are you going to do the discharge of charge/deed of R&R yourself too?
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Think discharge part will let the lawyer to handle it, they quote me 900 to 1k. Can do it ourself meh? Haih....really hope just can ask one party to handle it for me....but heard ppl said if I ask my own lawyer to do it will charge even more expensive. Any Idea? Or u can help ppl to do this all? smile.gif
lovelyjona
post Jan 24 2011, 05:04 PM

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QUOTE(dariofoo @ Jan 24 2011, 04:55 PM)
Can.  nod.gif
Cannot. I only give advice in this thread  smile.gif
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oh...okok...then what is the steps to do the discharge myself? Hard?
lovelyjona
post Jan 25 2011, 09:17 AM

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QUOTE(dariofoo @ Jan 24 2011, 06:36 PM)
1) Apply to Bank for redemption statement (RS);
2) Chase Bank for RS;
3) Pass RS to purchaser's sol;
4) Collect cheque for redemption from purchaser's financier;
5) Prepare discharge of charge (DOC) documents;
6) Pass cheque to Bank together with DOC;
6) Chase Bank for original title and other docs;
7) Pass original title and other docs with cheque for payment of filing discharge of charge to purchaser's sol.

Hard or soft for you? sweat.gif
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ooo....think better let the lawyer to do it...smile.gif Anyways, thinks a lot ya. Really appreciate your help, bro. ^.^ Tqvm!


Added on January 25, 2011, 9:31 am
QUOTE(Seremban_2 @ Jan 24 2011, 11:48 PM)
I rather pay for it if I were you. Average people getting daily income RM100 per day and you have to spend time asking around, cracking your head how to do and running around get it done. I don't think it worth it.

" Or u can help ppl to do this all "

You expecting free of charge??? Beh Tahan.
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Ya, I do agree with you. ^.^

Haha.....I never think of getting anything free of charge from others. Just tot Dario got provide this kind of service (like nowadays I only know there is agent help to source the bank loan for ppl, no need ppl go search around) to newbie like me first time selling house, sure will pay for it la. smile.gif

I really gain a a lot of knowledge from all the sifu here. Thank you everyone. ^.^

This post has been edited by lovelyjona: Jan 25 2011, 09:31 AM
lovelyjona
post Jan 25 2011, 10:34 AM

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QUOTE(dariofoo @ Jan 25 2011, 10:25 AM)
Sorry dariofoo no provide no extra-curricular service to anyone  sweat.gif

laugh.gif
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hahaha.....now i know tongue.gif ....kekeke....but you really good ne... rclxms.gif

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