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 Income Tax Issues v2

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romariotan82
post May 10 2012, 06:46 PM

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Dear all Sifus,

Would like to enquiry regarding the Housing Loan Interest Relief ( Max 10 K per year)

My brother and i bought a property on Year 2010. ( S& P signed on 2010 )
Can i claim 70 % of the Interest ?
Currently , my brother did not report tax ( as his income not need to pay tax )
Any issue if i want to claim the 70 % of the interest ?
Will LHDN come and ask us to proof on the interest portion ( i.e 50 vs 50 , or 70 vs 30 )

Would appreciate your help /advise

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