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 Income Tax Issues v3, Anything related to Personal Income Tax

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magicgarden
post Apr 30 2014, 07:03 PM

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Hi Guys,

Anyone has encountered the following scenario:

- ABC company is providing accommodation to 1 director, Mr L;
- ABC company then rented a property at RM30k per month from a landlord;
- The landlord is Mr L.

In this case,

- Accommodation expense in ABC co is deductible for tax;

But the issue is, in calculating Mr L's personal tax:-

- Rental income received by Landlord Mr L is taxable
- Accommodation (benefit in kind) to director is also taxable

Wouldn't Mr L being double taxed?


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