Sale of Property: Income Tax or Real Property Gains Tax

property transactions

This is a presentation which I made on whether the sale of a property would attract Income Tax or Real Property Gains Tax. This presentation is an excerpt from my Continue Reading →

Real Property Gains Tax 101

Image courtesy of vichie81 at FreeDigitalPhotos.net

While property investors focus on how to maximize their claims for deduction against the rental income derived from their investment properties, many neglect to keep track of their allowable deductions Continue Reading →

Properties Wealth Creation Seminar

DPP2_0022

On the 5th of January 2013, I was invited to speak at the Wealth Properties Creation Seminar which was attended by about 130 participants. This event was organised by GM Continue Reading →

Taxation Webinar for KC Lau

webinar featured image

I had the privilege of being asked by KC Lau www.kclau.com to be a speaker for one of his webinars. I was asked to share about the “Tax Issues Affecting Continue Reading →

Expenses Relating To Rental Of Real Property (Pt. 2)

Image courtesy of jscreationzs / FreeDigitalPhotos.net

Having touched on the tax-deductible expenses, it is also important to know what expenses are NOT ALLOWABLE. Typically, initial expense is not allowed a deduction from income of letting of Continue Reading →

Expenses Relating To Rental Of Real Property (Pt. 1)

Image courtesy of vichie81/ FreeDigitalPhotos.net

The biggest grouse that a property owner has comes tax submission season will be the amount of taxes that he has to pay on his property rental income. He will Continue Reading →

Property Outlook 2013 Seminar

property outlook 2013

I have been invited to speak at the Property Outlook 2013 Seminar, organised by Junior Chamber International Entrepreneur Metropolitan (Malaysia) (JCI E-Metro) at the Eastin Hotel, Penang on 19th January 2013. One of Continue Reading →

Personal Relief: Private Retirement Scheme or Deferred Annuity?

prs deferred annuity

As you are probably aware, with effect from the Year of Assessments 2012 to 2021 (10 year-period only), individual taxpayers are eligible to claim a personal relief of up to Continue Reading →

Taxation Of Property Rental Income As A Business Source

Image courtesy of Sira Anamwong at FreeDigitalPhotos.net

Contrary to popular belief, there are very limited situations that rental income derived from letting of properties can be taxed as a business source. According to the Inland Revenue Board’s Continue Reading →