Hi all sifus,
Need some advice on rental income of property:
1. A condominium is registered under joint names of person A & person B;
2. The agent fees for introducing tenant can be deducted as expenses from the annual rental income, right?
3. Monthly maintenance fees paid to the JMB cannot be deducted from annual rental income, right?
4. Furniture + electrical items to furnished the condominium can be deducted from annual rental income, right?
5. Cukai pintu + Cukai tanah can be deducted from annual rental income, right?
6. Repair of hardware in the condominium during the rental tenure can be deducted from annual rental income, right?
7. If tenant run away and owners suffer losses such as unpaid bills, this can be deducted from annual rental income, right?
8. If by tenant request, owner did some renovation to upgrade the living conditions of the condominium such as replace old tiles with new tiles, replace old fans with new fans, these can be deducted from annual rental income, right?
9. Termite treatment during the rental period can be deducted from annual rental income, right?
10. For a landed property, if tenant request and owner has proceeded to install awning at car pouch during rental period, this can be deducted from rental income, right?
11. For a landed property (but not G&G), security fees paid by owner to the security services organized by the neighborhood, can be deducted from rental income, right?

Thanks in advance!

This post has been edited by XtraLeoGecko: Jan 18 2014, 10:29 PM

Thanks KOHTT for the comprehensive info on taxes of rental income. Really appreciate!