QUOTE(guanteik @ Jul 27 2014, 08:19 PM)
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.
But, who on earth will rent their property at loss? Perhaps there are, but definitely not the value you mentioned.
But if you're getting back your income from tax, means under the rental bracket, we have to put it as (- RM XXX)?But, who on earth will rent their property at loss? Perhaps there are, but definitely not the value you mentioned.