Mar 17 2012, 02:20 PM
QUOTE(countdown @ Mar 15 2012, 02:47 PM)
On year basis. Applicable for those S&P signed in between 10 March 2009 till 31-Dec 2010 for:
1) A UNIT only.
2) For residential purpose.
3) CITIZEN and RESIDENT of M'sia.
4) Non-income generation.
Let say you signed and interest starts immediately on 30-Dec 2009, ur tax-deductible is up to RM10k for YA 2009 though it's just a day away from YA 2010. On 2010, you can claim again up to RM10k as long as is 3 consecutive years.
In this case, u might want to drag the S&P till next year (2010) to give enough time to accumulate interest up to RM10k, it's not necessary to drag if you are buying millions worth of residential property where a month interest already will hit >RM10k
. Anyway, all already past.
Is property under construction eligible for this RM10k deduction claim if S&P is signed between 10 march 2009 to 31 dec 2010? How to prove property is for own stay when it is under construction? What if property is subsequently disposed off after claiming the 3 years of RM10k deduction?1) A UNIT only.
2) For residential purpose.
3) CITIZEN and RESIDENT of M'sia.
4) Non-income generation.
Let say you signed and interest starts immediately on 30-Dec 2009, ur tax-deductible is up to RM10k for YA 2009 though it's just a day away from YA 2010. On 2010, you can claim again up to RM10k as long as is 3 consecutive years.
In this case, u might want to drag the S&P till next year (2010) to give enough time to accumulate interest up to RM10k, it's not necessary to drag if you are buying millions worth of residential property where a month interest already will hit >RM10k
. Anyway, all already past.Thanks
Quote
0.0408sec
0.48
7 queries
GZIP Disabled