Selling property & income tax declaration
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 Apr 10 2022, 06:02 PM, updated 4y ago
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#1
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Junior Member
427 posts Joined: Dec 2021 
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I signed S&P in Dec 2021 but buyer loan took several months to disburse. I am the seller.
In declaring income tax for 2021..... There is this column 'disposal of asset under Real Property Gains Tax' and 'Disposal declared to LHDNM'. What should I write for these two columns? I bought property more than 10 years ago so there was no tax deducted. This post has been edited by ericthai: Apr 10 2022, 06:03 PM |
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Apr 10 2022, 10:08 PM
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#2
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Junior Member
427 posts Joined: Dec 2021
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QUOTE(mini orchard @ Apr 10 2022, 10:00 PM) All sellers have to declare chkt 1a within 60 days upon signing of snp. If your lawyer or yourself have submitted the form then .... I am not sure whether my lawyer submitted the form or not. If he didn't , does that mean government can prosecute him?In the BE form ... indicate YES.  I hired him to do things for me because I don't know the legal procedures. So does it mean 'yes' to both columns? This post has been edited by ericthai: Apr 10 2022, 10:10 PM |
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