I bought the property and finance by loan. I thinking to put my cousin name as joint owner ( for purpose of RPGT first time exemption when the property sell within five year) and create power of attorney and trust deed ( myself is beneficiary and donee and my cousin is donor). Any sifu or simu please advise :-

1) Is the PA and trust deed is effective even after the death of the donor?
2) Is the PA and trust deed is irrevocable?
3) Do the first time exemption is allowed by IRB in the above case (PA and trust deed)?

It is a bit complicated but hope some expect can advise. Tks.

Merry Christmas and Happy New Year 2014....

Scongi,

First of all, if you intend to add your cousin as a co-purchaser in the SPA for RPGT exemption purposes, please note that the exemption is only applicable for 50% of the taxable gain as your cousin is merely a half share (50%) beneficial owner of the property.

As for your queries:-

1) PA and Deed of Trust CAN BE APPLICABLE OR NOT APPLICABLE upon the demised of the donor and trustee, depending on the construction of the said documents.

2) PA and Deed of Trust is REVOCABLE.

3) I am not very sure on this issue but I can check for u geh  .

Hope my explanation helps! 

Merry Xmas and Happy New Year, Kenny kor! 

Happy new year n merry xmas CY!!     
How was your celebration then?

YO! Teenman!

Xmas apa macam?

Xmas pergi party tapi ended up kena food poisoning, semalam MC and today kerja 

hai tkj..
xmas ok for me
catch the 3d hobbit! 
in the evening we went for jogging around the PARC     
the air is so fresh!
plan to go there every weekend!     

hai tkj..
xmas ok for me
catch the 3d hobbit! 
in the evening we went for jogging around the PARC     
the air is so fresh!
plan to go there every weekend!     

ahh.. sorry for u..
i hope u r well now ...
u kne food poisoning fr leftovers kaa? u get drunk?! 

SEH provide fresh vege every Sunday till March 2014. 

Scongi,

First of all, if you intend to add your cousin as a co-purchaser in the SPA for RPGT exemption purposes, please note that the exemption is only applicable for 50% of the taxable gain as your cousin is merely a half share (50%) beneficial owner of the property.

As for your queries:-

1) PA and Deed of Trust CAN BE APPLICABLE OR NOT APPLICABLE upon the demised of the donor and trustee, depending on the construction of the said documents.

2) PA and Deed of Trust is REVOCABLE.

3) I am not very sure on this issue but I can check for u geh  .

Hope my explanation helps!  

You receive the calendar thru post? Sure ah? We all need to go to SEH welcome center to take.

Btw, today receveid another mail from SEH. 5th Jan got event for kids to build tissue box deco. Seem like limited eat so those interested need to call to register.

c2,

      u ada pergi collect mou? 

c2,

      u ada pergi collect mou? 

Ms Cheryee,

Tks for your quick reply and advice....actually if assumed the RPGT is RM60,000 (example. Chargeable gain disposed in 3 yr from now is RM200,000 and tax rate is 30%), 50% saving will be RM30,000 which is quite a lot.....

The cons will be the risk of the exemption might not allowed by IRB as our income tax
rule always allowed the DG to direct ....