May 30 2016, 05:44 PM
QUOTE(JoJoSim @ May 30 2016, 10:26 AM)
Hi all,
Due to some personal reason, I sell off a property with no profit earning (Sell off at Bank Loan Amount). Initially i was informed by lawyer i do not need to pay tax since I do not gain any profit. However, last week i received a letter from LHDN asking me to pay the tax. From the letter : -
Keuntungan Rm81000
Cukai dikena bayar Rm26730
1. I sell off at bank loan amount, how they calculate as profit Rm81000?
2. I never get any profit why i have to pay tax?
3. Anyway to eliminate the tax?
Thanks lot.....
Due to some personal reason, I sell off a property with no profit earning (Sell off at Bank Loan Amount). Initially i was informed by lawyer i do not need to pay tax since I do not gain any profit. However, last week i received a letter from LHDN asking me to pay the tax. From the letter : -
Keuntungan Rm81000
Cukai dikena bayar Rm26730
1. I sell off at bank loan amount, how they calculate as profit Rm81000?
2. I never get any profit why i have to pay tax?
3. Anyway to eliminate the tax?
Thanks lot.....
QUOTE(JoJoSim @ May 30 2016, 10:36 AM)
I bought at 340k
Sell at 300K
Current market value 420K
Did you provide your previous SPA to your lawyer? You need to do it asap and ask your lawyer to appeal for you since you are selling at loss. No issue with that if you can provide the relevant info.Sell at 300K
Current market value 420K
IRB these days like to cincai impose RPGT if you dont provide enough information.
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