Author: Richard Thornton
Number of Pages: 224 Pages
Publisher: Sweet and Maxwell Asia
100 Ways to Save Tax in Malaysia for Property Investors provides details of how one can save tax as a property investors. Besides, it also answers many questions that property investors have, such as “is it wise to declare property income as business income?”, “is it a good idea to use a company for property income?”, real property gains tax, real property companies, declaring rental and other property income, and many more.
Some tax saving idea are also included. While covering wide aspects of property tax in Malaysia, Richard Thornton did not miss the tiny details including stamp duty and title. The appendix is a definite bonus for those who care for details.
Furthermore, as tax is not an easy subject, Thornton provided examples and scenarios to explain his points further. He definitely deserves a credit for that as well!
One interesting fact I found out was if I inherit a 6 years old property, say from my father and sell it on the following year, I must pay tax on the profit made out of that disposal. So, regardless of how old is the property, what matters most is if I disposed it within or after 5 years of acquisition. This is something I did not know till I got this book!
In short, this book covers almost all possible aspects anyone owning a property would ask. Hence, as a property investor myself, I must say that this book is worth reading. Plus, it’s wise to keep it as a reference book if you are a property investor.
My suggestion is to read through the book once (or more if you have time) and keep it for reference as and when you needed.
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