Sep 1 2017, 10:13 AM
QUOTE(csbong87 @ Aug 30 2017, 04:57 PM)
Rent = 1000
Bank loan can be included as expenses ?
ex. (Maintenance Fee, quit rent, Indah water, Repairs, Bank Loan)
BL (500) + MF, QR, IW, Repairs (300) = left 200
The 200 to be taxed only ? or no such thing as include bank loan for tax deduction ?
Bank loan is capital in nature, cannot claim as deduction. Bank loan can be included as expenses ?
ex. (Maintenance Fee, quit rent, Indah water, Repairs, Bank Loan)
BL (500) + MF, QR, IW, Repairs (300) = left 200
The 200 to be taxed only ? or no such thing as include bank loan for tax deduction ?
If interest is 100, then your statutory rental income is 600
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