Rental Income Tax

List Expenses Deductable from Rental Income

• Assessment Tax (Cukai Taksiran)

• Quit Rent or Parcel Rent (Cukai Tanah or Cukai Petak)

• Interest on Home Loan

• Fire Insurance Premiums

• Expenses on Rental Collection (Property Management/Rent Collection Fees)

• Expenses on Tenancy Renewal (Legal Fees + Stamp Duty)

• Repairs and Maintenance

• Service Charges, Maintenance Fees and Sinking Fund

• Replacement of Furnishings

• Agent Fees for Renewal Tenant

• Indah water/Sewerage

• Minor pest control and cleaning to maintain rentable condition

List Non-deductible Expenses

• Initial Advertisement and Agent Fees to Secure First Tenant

• Legal Fees and Stamp Duty for Initial Tenancy Agreement

• Initial renovation or Improvement Costs

• Loan Principle Repayment

Tips

• If you own multiple rental properties assessed under Section 4(d), you can group all rental income and expenses in your tax calculation

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