QUOTE(Chester @ Apr 7 2011, 09:50 PM)
http://www.nbc.com.my/files/housing-loan-tax-relief.pdf
The notice is really not clear.
Say a joint property.
Total interest paid for the year = RM10,000
Person A claim RM5,000 + Person B claim RM5,000 OR;
Person A claim RM10,000 + Person B claim RM10,000 OR;
Person A claim RM10,000 or Person B claim RM10,000
?
See whether this will helps. Max relief per year definitely is RM10,000.The notice is really not clear.
Say a joint property.
Total interest paid for the year = RM10,000
Person A claim RM5,000 + Person B claim RM5,000 OR;
Person A claim RM10,000 + Person B claim RM10,000 OR;
Person A claim RM10,000 or Person B claim RM10,000
?
If you have 3 person serving interest: A:RM5,000, B:RM3,000, C:RM2,000. Each of them claim according to their portion.
If total interest paid in that year is RM20,000; A:RM10,000, B:RM7,000, C:RM3,000.
A will claim 50% (RM10,000/RM20,000) of the relief -> 50% x RM10,000 = RM5,000;
B will claim 35% (RM7,000/RM20,000) of the relief -> 35% x RM10,000 = RM3,500;
Same basis for C.
This post has been edited by nemo2: Apr 7 2011, 10:58 PM
Apr 7 2011, 10:50 PM

Quote
0.0212sec
0.28
7 queries
GZIP Disabled