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Oct 03, 2006

Tax Example: Rent

Non-resident couple´s joint monthly rental income¹		US$1,500	US$6,000
Annual Rental Income		18,000	72,000
Less Costs³		(3,585)	(7,493)
= Taxable Income		14,415	64,507
Income Tax Rates
Flat Rate	28%	4,036	18,062
Annual Income Tax Due		US$4,036	US$18,062
Tax Due as % of Gross Income		22.42%	25.09%
Thanks to:

DISCLAIMER: The information contained above is marketing material only and is not written tax advice directed at the particular facts and circumstances of any person and should not be relied upon. We encourage you to discuss your particular situation with us or an independent tax advisor. This information was last updated on October 3, 2006.

Notes

¹ Exchange rate used: US$1 = RM4.4849.

² The residential property is jointly owned by husband and wife, but then taxed separately (50% upon each partner).

³ Estimated costs; includes quit rent, assessment, repairs and maintenance, fire insurance, service charge, sinking fund, and management fees.

Comments

#1 MOZZIE | November 27, 2011

Hi There, the exchange rate is not out to date.

1 Exchange rate used: US$1 = RM4.4849

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