Nice sharing

Prudent strategy will last you forever !

Who do you hear from "his company will invest RM10m per year at least" ? A check to ROC he has 8 companies. 4 are enterprise, 4 are sdn bhd. Of the 4 sdn bhd, 3 are making losses based on the latest filing to ROC. The other 1 sdn bhd did not file any return. The biggest company of the 4 has assets of about RM5.5m against a debt of RM6.0m. Others are small companies. Maybe I will attend his talk and see what he has to say

If trading company, then easier to commit fraud to bluff LHDN. Just don't report enough sales and you can run away with zero tax. Unless LHDN come and check, then you also cannot run away when they see your bank account

But for real property, ownership is recorded in government department. A printout will know how many properties you have already. If you own 20 properties and still don't pay tax, then something is very wrong.

If we have 5-6 properties, we can register using our sibling's or children's name to run away from tax. But with rental of >RM10m a year, unless he has 200 siblings and children ? Most of us here who own property and have rental income should know it is damn hard to avoid tax

If he make RM10m a year and still can report losses and avoid tax, he should instead give talk on how he do it. I am willing to pay RM10000 for his course so I can save my tax payment