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 buy a house with cash, any bad consequences?

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TSseongmeng
post Oct 11 2016, 12:16 AM, updated 10y ago

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if i buy a house with cash RM 800k, will have any bad consequences?

MACC will come check me? LHDN?
kai88
post Oct 11 2016, 12:36 AM

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No bad consequence as long as you have a clean proof of income ..
airtawarian
post Oct 11 2016, 01:36 AM

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I have Client buying with Cash RM 600,000 condo. So far no issues
TSseongmeng
post Oct 11 2016, 11:46 AM

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QUOTE(airtawarian @ Oct 11 2016, 01:36 AM)
I have Client buying with Cash RM 600,000 condo. So far no issues
*
thanks.

will LHDN straight away come check / audit me if i buy with cash?
otua
post Oct 11 2016, 12:12 PM

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sooner or later they will come, why so worried if you have nothing to hide..
airtawarian
post Oct 11 2016, 04:06 PM

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QUOTE(seongmeng @ Oct 11 2016, 11:46 AM)
thanks.

will LHDN straight away come check / audit me if i buy with cash?
*
if you have submit income tax, shouldnt be a problem
propertymart
post Oct 11 2016, 11:52 PM

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Brother, Title (MOT) already masuk LHDN(income tax) la
Cannot run one, buy Gold then, but put in Safety box ya lol
propertymart
post Oct 11 2016, 11:53 PM

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QUOTE(seongmeng @ Oct 11 2016, 11:46 AM)
thanks.

will LHDN straight away come check / audit me if i buy with cash?
*
you can buy cash if you declared income tax properly before
if no better don't , go take Flexi loan bro
TSseongmeng
post Oct 12 2016, 01:24 AM

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QUOTE(propertymart @ Oct 11 2016, 11:53 PM)
you can buy cash if you declared income tax properly before
if no better don't , go take Flexi loan bro
*
thanks for advice

 

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