QUOTE(viruz @ Feb 10 2008, 11:59 AM)
Hi:
I am initially looking to buy a house with budget around RM300k with 90% loan from bank I am just nice to qualified.
Now my Relative from Thailand, wanted to sponsor me about 50% of the cost, but she wanted me to buy a bungalow instead of normal linked or semi-D, and the bungalow in my area are selling at RM500k and above...ok...even at RM600k, with his 50% sponsor I am still able to secure for a loan...now the problem is...when LHDN come and audit my purchase, will I be in deep trouble because technically speaking with my earning I am not qualified to purchase the house.
Try to declare in LHDN that the money comes from your relative I am initially looking to buy a house with budget around RM300k with 90% loan from bank I am just nice to qualified.
Now my Relative from Thailand, wanted to sponsor me about 50% of the cost, but she wanted me to buy a bungalow instead of normal linked or semi-D, and the bungalow in my area are selling at RM500k and above...ok...even at RM600k, with his 50% sponsor I am still able to secure for a loan...now the problem is...when LHDN come and audit my purchase, will I be in deep trouble because technically speaking with my earning I am not qualified to purchase the house.
Feb 10 2008, 12:16 PM

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