tag:blogger.com,1999:blog-7417366406169637006.post1112582643575935468..comments2023-11-28T23:08:52.282+08:00Comments on A Malaysian Turtle Investing Diary...By Amateur for Amateur: So MalaysianUnknownnoreply@blogger.comBlogger5125tag:blogger.com,1999:blog-7417366406169637006.post-10833268480010057092011-04-27T21:02:09.195+08:002011-04-27T21:02:09.195+08:00kris,
this is what i found from their website
ht...kris,<br /><br />this is what i found from their website <br />http://www.hasil.gov.my/goindex.php?kump=5&skum=6&posi=9&unit=1&sequ=1<br /><br />Point 4: <br />"4. What are the conditions to claim deduction on housing loan interest?<br /><br />Interest expended to finance purchase of residential property. Relief of up to RM10,000 a year for three consecutive years from the first year the interest is paid.<br />Subject to the following conditions:<br />i) the taxpayer is a Malaysian citizen and a resident;<br /><br />ii) limited to one residential unit;<br /><br />iii) the sale and purchase agreement is signed between 10th March 2009 and 31st December 2010; and<br /><br />iv) the residential property is not rented out."Turtleinvestorhttps://www.blogger.com/profile/16752180064759778036noreply@blogger.comtag:blogger.com,1999:blog-7417366406169637006.post-57970862662420574792011-04-27T00:34:42.709+08:002011-04-27T00:34:42.709+08:00Do you know how to get the tax income deduction on...Do you know how to get the tax income deduction on the housing loan interest rate?<br /><br />Rgds,<br />KnowThyMoneyKrishttps://www.blogger.com/profile/01618400061723721064noreply@blogger.comtag:blogger.com,1999:blog-7417366406169637006.post-59021420782500974092011-04-26T16:55:14.706+08:002011-04-26T16:55:14.706+08:00I called up Income Tax dept and informed them that...I called up Income Tax dept and informed them that the purchase price(higher than 250 or 300 k) and timing of the purchase was May '10. They confirmed that there is no ceiling on the value of the property and I can make the interest expense relief deduction. However, if you buy the property under joint names and making the loan under joint names, you can only booked half of relief.Turtleinvestorhttps://www.blogger.com/profile/16752180064759778036noreply@blogger.comtag:blogger.com,1999:blog-7417366406169637006.post-59225422015692059492011-04-26T13:35:31.997+08:002011-04-26T13:35:31.997+08:00erm... turtle, I think interest exemption only for...erm... turtle, I think interest exemption only for houses below RM250k (or 300k but not more!!).elizabethhttps://www.blogger.com/profile/02739249921664559477noreply@blogger.comtag:blogger.com,1999:blog-7417366406169637006.post-60348730406632573902011-04-26T13:29:19.846+08:002011-04-26T13:29:19.846+08:00congratulations!!!congratulations!!!pacifichttps://www.blogger.com/profile/00711713195485818217noreply@blogger.com