Dear tax gurus,

Could somebody clarify the following? If i rent out my property for RM1900 in 2018, does it mean that i can exempt this from paying tax? Thanks

Quote from Tax Explanation form:

"Rental received in respect of houses, shop houses, land, plant, machines,
furniture and other similar assets.
Exemption under P.U. (A) 55/2019 for Year of Assessment 2018 only.
A landlord who rents out his residential property * is exempted from the
payment of income tax in respect of fifty per cent of his statutory income
derived from the rental of the residential property.
* ‘Residential property’ means a house, condominium unit, flat or an
apartment which is built as a dwelling house.
Conditions for exemption:
a) The landlord shall be an individual citizen who resides in Malaysia and is
the registered proprietor of his residential property;
b) The monthly rental amount received from each residential property does
NOT exceed RM2,000;
c) The tenancy agreement between the landlord and the tenant which has
been executed and stamped comes into effect on or after 1 January
2018; and
d) The residential property is rented out for any period from 1 January 2018
until 31 December 2018.
Where rent is received from two or more residential properties, the landlord
who is granted an exemption shall maintain a separate account for the rent
received from each residential property. Each residential property shall be
treated as a separate and distinct source of the rent.
The landlord who claims this exemption is required to:
 indicate ‘X’ in the box for ‘Paragraph 127(3)(b)’ in item A7; and
 complete and retain the Working Sheet HK-4D for the purpose of future
inspection by LHDNM, if required."

This post has been edited by turbopips: Apr 3 2019, 09:59 AM

Dear tax gurus,

May i know which section should i claim tax relief for donation to charity/religious body and to Tabung Harapan in 2018?

THank you again

Thanks but Tabung Harapan was not in the list? I remember it was reported that the donation is tax exempted. Anybody claims for this?

Thanks

Repost earlier query. Thanks:
Could somebody clarify the following? If i rent out my property for RM1900 in 2018, does it mean that i can exempt this from paying tax? Thanks

Quote from Tax Explanation form:

"Rental received in respect of houses, shop houses, land, plant, machines,
furniture and other similar assets.
Exemption under P.U. (A) 55/2019 for Year of Assessment 2018 only.
A landlord who rents out his residential property * is exempted from the
payment of income tax in respect of fifty per cent of his statutory income
derived from the rental of the residential property.
* ‘Residential property’ means a house, condominium unit, flat or an
apartment which is built as a dwelling house.
Conditions for exemption:
a) The landlord shall be an individual citizen who resides in Malaysia and is
the registered proprietor of his residential property;
b) The monthly rental amount received from each residential property does
NOT exceed RM2,000;
c) The tenancy agreement between the landlord and the tenant which has
been executed and stamped comes into effect on or after 1 January
2018; and
d) The residential property is rented out for any period from 1 January 2018
until 31 December 2018.
Where rent is received from two or more residential properties, the landlord
who is granted an exemption shall maintain a separate account for the rent
received from each residential property. Each residential property shall be
treated as a separate and distinct source of the rent.
The landlord who claims this exemption is required to:
 indicate ‘X’ in the box for ‘Paragraph 127(3)(b)’ in item A7; and
 complete and retain the Working Sheet HK-4D for the purpose of future
inspection by LHDNM, if required."

Thanks and i have read. But afraid that does not answer my question posted earlier on what is posted in the income tax explanation.

Anyway, i called up tax dept for explanation, it seems that PIC also dont know how to explain and ask me to leave my contact no,

OK thanks for the clarification. Say its pay 50% tax and not fully exempted