100 Ways to Save Tax in Malaysia for Property Investors
Author: Richard Thornton
Pub Date: 2007
Publisher: S & M
ISBN / ISSN: 978-983-2631-83-5
Binding: Soft cover
Price: RM49.00
100 Ways to Save Tax in Malaysia for Property Investors is a comprehensive guide to the tax implications of property investment. As a work that collects together in one source all of the tax issues relevant to property investment, it is an invaluable tool to help investors in their vital decision-making processes. It is a companion work to 100 Ways to Save Tax in Malaysia for Individuals and 100 Ways to Save Tax in Malaysia for Small Businesses by the same acclaimed tax author. The book covers the specifics of the taxation of property income, which is in many ways distinct from the taxation of other kinds of income. The availability of deductions against rental income is discussed with clear examples. In addition to dealing with the taxation of property income, the book covers other areas of taxation including investment holding companies and real estate investment trusts which have relevance for the property investor. Tax-saving strategies which include tax deferment, tax reduction and elimination of tax liability are explored with practical illustrations.
Although real property gains tax is not to be imposed from April 1, 2007, it seems likely that the tax will not be repealed altogether and this tax is still discussed in the book. For the unwary investor who might otherwise stray over the line by dealing with properties in such a way that a profit on sale becomes liable to income tax, useful guidelines are provided. Stamp duty which is still in force and continues to be a significant cost for property investors is also covered by the book.
Whether you are a new property investor or an experienced one, a Malaysian or a foreign investor, this book contains a wealth of ideas to help you to minimise the taxes you have to pay and to plan your future actions so as to pay as little tax as possible. This book aims to make the understanding of tax issues affecting property investment easy by using simple everyday language and practical examples to illustrate them. It is certainly a book not to be missed by property investors, tax consultants, real estate consultants, landlords and anyone with an interest in property income.
Readership
Property investors, tax consultants, real estate consultants, landlords and anyone with and interest in property income.
Jurisdiction
Malaysia
