Please prepare a simple balance sheet to calculate how much you have to declare.

Post #58

URL: https://kickmeaway.blogspot.com/2018/11/how...e-for-lhdn.html

Yes.
But shouldn't that bear or payable by your tenant?

Just keep your calculation and evidence in the event of audit.
Yes. Under that section.

Not sure.
Just be ready since it's out from your normal filing trend.

Read Page 18 onwards for Expense Relating to Income of Letting of Real Property

URL: http://lampiran1.hasil.gov.my/pdf/pdfam/PR_12_2018.pdf

Recurring expenses
(a) Assessment and quit rent
Annual assessment paid to the local authority and quit rent paid to the land office.
(b) Interest on loan
Interest paid on loan taken to finance the purchase of real property which is rented out.
© Fire insurance premium
Fire insurance premium paid in relation to fire insurance policy taken on the real property which is rented out.
(d) Expense on rent collection
Rent collection fee and legal expense incurred to enforce rent collection.
(e) Expense on rent renewal
Expense incurred to renew tenancy or to change tenant.
(f) Expense on repair
Expense on ordinary repair to maintain the real property in its existing state.

Initial expenses
Initial expense is not allowed a deduction from income of letting of real property assessed under paragraph 4(a) or paragraph 4(d) of the ITA since that expense is incurred to create a source of rental income and not incurred in the production of rental income. Examples of such expense are cost to obtain the first tenant such as advertising cost, legal cost to prepare rental agreement, stamp duty and commission for real property agent.

Expenses during a period the real property is not rented out
Expenses incurred in relation to a real property during a period it is not rented out are not allowable in calculating the adjusted income from the letting of the real property. However, if the period the real property is not rented out occurs after it has been let out and it is clear that it is ready to be let out, then expenses during that period are allowable subject to subsections 33(1) and 39(1) of the ITA.

This post has been edited by David83: Mar 6 2019, 01:51 PM

Go refer to your house loan annual statement.
It should tell how much of your monthly repayment amount goes to interest payment and principal deduction.

Yes you can for both.

According to this website:
https://www.liew.my/usr/pagesub2.aspx?pgid=264

Isn't what you mentioned falls under Initial Expenses?



This is also confirmed by a tax consultant in the other link shared

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Stamping fee and stamp duty not the same?

If for new tenant, cannot claim
If for current tenant via tenancy renewal, can claim.

As simple and straight forward as I believe.

If you got time, spend some time to do some readings:
http://lampiran1.hasil.gov.my/pdf/pdfam/PR_12_2018.pdf

It also lists down type of expenses: Recurring expenses, Initial expenses and Expenses during a period the real property is not rented out

This post has been edited by David83: Apr 9 2019, 01:49 PM