removed due to incorrect details.

This post has been edited by ronnie: Mar 8 2024, 12:17 PM

this is from BE 2023 (YA2023)



I've removed the post to avoid mis-information

This post has been edited by ronnie: Mar 8 2024, 12:18 PM

never try new feature with LHDN... never works faster but slower

Last year (2023 doing YA2022) i had a full list on so-called unpaid Tax Bills while my Lejar balance is RM0.00
Asked LHDN about it via email and they say as long as lejar says 0.00, i've fully paid my taxes, just ignore it.

This year (2024 doing YA2023), the Bills magically no longer listed.

definitely not allowed...

high blood medication probably possible

depends who owns the property based on the S&P Agreement or Land Title or Strata title

very logical all else LHDN lose taxes if it's so easy to "assign the rental"

did you sign a Tenancy Agreement ? and was it stamped by LHDN
Is your name on the Tenancy Agreement and house owner ?

You need to declare the rental income MINUS condo expenses (maintenance, sinking, etc...)

In taxes, you need to have full proof written documents.
You can hire your parents in your business as employees... hahahaha

p.s. a tenancy agreement which is not stamped may not have strong legal help to both parties.

This post has been edited by ronnie: Mar 26 2024, 08:45 AM

swimsuit don't count why because you can swim without clothes
sports shoe also not counted because you can run bare footed
sports attire also not counted because you can do the sports naked
.... that's their LHDN logic

racquets, shuttlecocks, tennis balls, golf balls, golf clubs, court booking fee, can claim tax Relief up to RM1,000

This post has been edited by ronnie: Mar 26 2024, 05:17 PM

this is correct rental nett off expenses for maintaining the condo unit.

But I wonder if we allow to deduct Coway monthly installment for Bed & Mattress, Water Filter, Air Cond, Air Filter placed in that rental unit ?

The following expenses are allowed to be deducted from rental income and must be direct expenses wholly and exclusively incurred in the production of income:

cost of ordinary repairs to maintain the property in its existing state
insurance premium on fire/burglary
assessment tax and quit rent
mortgage interest on loans obtained
the rent collection fee and legal expenses incurred to enforce rent collection.
the expense incurred to renew the tenancy or to change the tenant.
the maintenance fee for strata properties
NOTE: In order to claim these exemptions, you must have a legal tenancy agreement for said rental property as well as the original receipts of the claimable expenses.

Initial expenses such as costs to obtain your first tenant including advertising costs, legal fees, stamp duties and real estate agent commission fees are not allowed for deduction. These expenses are necessary to create a source of rental income and are not incurred in the production of rental income.

https://www.iproperty.com.my/guides/rental-...ty-owners-46565

Replacement Cost of Furnishings
If the letting of a furnished real property is treated as non-business source, cost of replacing furnishings such as furniture and air conditioner can be claimed as a deduction from gross income from that letting.

any reason for that ? to lower taxes payable ?

I like your idea.... been doing that since the first time I submitted my taxes. Majority will say otherwise

99.9999% not able to claim under medical expenses because it's not medical related

too bad... ask the wife to buy another one

it's called eSports training services... not for equipment

That’s my thought of it.
LHDN should clarify.
Maybe rental of cybercafe can claim tax relief

The tax relief is subject to several criteria, namely sports training must be conducted by a coach, club, or company registered with the Sports Commissioner (PJS) or incorporated under the Companies Act 2016; one-off or series of training sessions; types of sports are listed under First Schedule of Act 576, and expenses must be evidenced by payment receipts.

“The public is advised to check first to ensure that the training providers comply with the conditions and criteria set in order for them to be eligible for this tax relief,” she said.

To date, a total of 9,955 sports entities have registered with the PJS, and it is expected to increase with approximately 100 applications per week. ― Bernama