|Non-resident couple´s joint monthly rental income1||US$1,500||US$6,000|
|Annual Rental Income||18,000||72,000|
|= Taxable Income||14,415||64,507|
|Income Tax Rates|
|Annual Income Tax Due||US$4,036||US$18,062|
|Tax Due as % of Gross Income||22.42%||25.09%|
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.
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.
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