What is Rental income tax?
Also known as Cukai pendapatan sewa
Rental income is subject to income tax in Malaysia and must be declared to LHDN. Allowable expenses such as loan interest, assessment tax, insurance and repair costs can be deducted from gross rent to arrive at taxable income.
Keep receipts. Expenses that cannot be proven cannot be claimed, and scattered records are the most common reason operators pay more tax than they should. Confirm the current tax treatment with LHDN or your tax agent.
Related
- Assessment taxAssessment tax (cukai taksiran) is an annual property tax charged by a local authority suc…
- Operating expensesOperating expenses are the costs of running a unit from month to month: cleaning, utilitie…
Guides and tools
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Calendar, payments, monthly rent and reports for operators in Malaysia.