Jul 27 2014, 08:19 PM
QUOTE(nakedtruth @ Sep 26 2013, 04:58 PM)
TS tumpang thread,
if i rent out a house for rm1k monthly so i have to declare rm12k nett.
is there any form deductible can reduce the declared income?
There is a way, legally. If you rent out your unit at 1K but your loan, management fee, sinking fund, insurance and etc is >1K, you are actually getting back income from tax. if i rent out a house for rm1k monthly so i have to declare rm12k nett.
is there any form deductible can reduce the declared income?
But, who on earth will rent their property at loss? Perhaps there are, but definitely not the value you mentioned.
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