Lowyat.NET: Latest topics by phengeon

Gst issue for selling off commercial property

Thu, 01 Jan 1970 07:30:00 +0800

Gst issue for selling off commercial property

phengeon — Thu, 19 May 2016 17:54:10 +0800

Is gst applicable for the following scenario:

Non gst-registered sole proprietorship sell off the company-owned commercial property at 1mil.

TX for all advices.

Rental as business income. HOW?

phengeon — Sat, 29 Mar 2014 21:24:47 +0800

'According to the Inland Revenue Board’s (IRB) Public Ruling (PR) 4/2011, letting of real property is deemed as a business source if maintenance services or support services COMPREHENSIVELY and ACTIVELY provided by landlord'.

Putting aside the no of properties (which i have fulfiled this criteria), my main concern is the maintenance & support services. If i provide cleaning & house keeping serrvice to my tenant that say i get a housekeeping maid for them every two months, is this considered as "maintenance services or support services COMPREHENSIVELY and ACTIVELY provided by landlord??

If it is not, can any sifu give some tips: how to make your rental as business income?

Ways to prevent other parties for not paying loan

phengeon — Sun, 28 Jul 2013 23:06:22 +0800

I have few properties joined name w others. So far touch wood everyone is paying their loan in time n no issues. But I just want to know, how u guys prevent other partners for not paying their loan? Wat will happen if one party refuse to pay?