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 Income Tax Issues

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duke_raynor
post Mar 2 2010, 04:20 PM

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QUOTE(yewkhuay @ Feb 25 2010, 03:05 PM)
Hi all,

I remember in 2009 govt announce 3yrs for interest paid for house loan from 2009 for income tax, can someone verify this ? and if it is true under which column we claim interest paid to bank to waive from tax?
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Hi YewKhuay
I just recieved the form from LHDN. I am still not using thier online system. I noted that in the section D8D.
However I dont know how to fill up this portion. Anyone knows how to fill this section please let me know as well.
duke_raynor
post Mar 3 2010, 09:31 AM

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QUOTE(penangmee @ Mar 2 2010, 11:52 PM)
You would be eligible if you signed an S & P between 10 Mac 2009 and 31 Dec 2010. The interest on your housing loan is tax deductible if the property is not rented out. Note if you are on those promotion by developer where interest is absorbed by developer until OC, you will not be eligible for this deduction. also for one property only.
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Hi Penangmee
Thanks. This is interesting. This does not apply only to purchase of new property from developer but also for the subsales as well rite?
2 questions, (1) I just signed the S&P end of 2009 and I have not start paying the loan because still under process, which means not applicable for me this round rite?
(2) Do you know if is eligable if you purchase the property with 2 names?
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