Apr 1 2025, 07:50 PM
QUOTE(jucl @ Apr 1 2025, 05:54 PM)
So meaning you can combine both income and expenses to declare right rather than calculate individually. This means i can use the deductible from my house expenses offset the condo net rental income.
Since both are count as total.
Not a tax accountant but yes, assuming that house is being rented out. But my tax guy does it individually (i.e. each rental expense deducted from the derived rental revenue source). Dunno why since can lump sum. Since both are count as total.
QUOTE(mushigen @ Apr 1 2025, 06:36 PM)
Tumpang, hope TS does not mind:
Q: if rental is less than (loan interest+ maintenance fees), do we still need to report to LHDN, since we're making a "loss"?
Still gotta report lah. Later they ask why suddenly one year no info.Q: if rental is less than (loan interest+ maintenance fees), do we still need to report to LHDN, since we're making a "loss"?
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