Lowyat.NET: Latest topics by JoJoSim

Tax for non profit property selling

JoJoSim — Mon, 30 May 2016 11:00:33 +0800

My earlier post was deleted.

Hi,

Due to some personal reason. I sell off a property with no profit earning. I was informed by lawyer i do not need to pay tax since no profit gain. However, last week i received a letter from LHDN asking me to pay tax. From the letter :

Keuntungan Rm81000
Cukai dikena bayar Rm26730

1. How do they calculate the keuntungan?
2. Why i need to pay tax since i do not gain any profit?
3. Anyway to eliminate the tax?

Selling Price Rm300,000
Market Value Rm420,000

*No refinance. I buy in year 2013, sell in year 2015.

Thanks....

Tax for non profit property selling

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

Tax for non profit property selling

JoJoSim — Mon, 30 May 2016 10:26:17 +0800

Hi all,

Due to some personal reason, I sell off a property with no profit earning (Sell off at Bank Loan Amount). Initially i was informed by lawyer i do not need to pay tax since I do not gain any profit. However, last week i received a letter from LHDN asking me to pay the tax. From the letter : -

Keuntungan Rm81000
Cukai dikena bayar Rm26730

1. I sell off at bank loan amount, how they calculate as profit Rm81000?
2. I never get any profit why i have to pay tax?
3. Anyway to eliminate the tax?

Thanks lot.....

Strata Titles Duly Registered

JoJoSim — Wed, 20 Apr 2016 16:11:55 +0800

Hi all,

If I'm not manage to collect the Strata Titles Duly Registered from the lawyer end. May i know any issue in the future when i sell the property?

*Unfortunate, I engaged the lousy lawyer firm to do my snp and loan agreement. Had tried to call but none of them(clerk,lawyer and office) pick up my call and email also no feedback. Thinking maybe the lawyer firm already closed down.

Advance thanks all comments.

Snp and Loan Agreement Lawyer

JoJoSim — Mon, 02 Nov 2015 11:26:16 +0800

Hi, all. Just wanted to share my terrible experience so that you all will think twice if using this lawyer firm service.

JENNY YAP & ASSOCIATES
34-1, Jalan Metro Perdana 8, Taman Usahawan Kepong, 52100 Kuala Lumpur.
Tel : +603 62518488 Fax : +603 62519488 Url: www.jy.com.my

I was engaged this lawyer firm to do my SnP and loan agreement. Reason being i am using their service because they gave me cheaper around Rm300 compare to other lawyers quotation.

Property: 10 years old freehold apartment
Snp and loan agreement: Signed on early of January 2015
Close File letter: Signed on middle of August 2015
Bank release the money to lawyer as stakeholder: Early of July 2015
Remaining Bal transfer to owner: Middle of September 2015 after owner get a lawyer to chase for the money
Backdated maintenance fees by owner after deducted from the remaining bal suppose bankin to me by lawyer: Not received yet

It took 11 months and my case still not close yet. During the process, i have to keep chasing them by calling & whatapp them for my case. Me, Agent and Owner get frustrated with their service. Until owner get a lawyer only they release the remaining bal to owner. They are holding my hundred plus backdated maintenance fees and still do not want to bank in to me. I really dont know why they have to keep dragging my case and holding my hundred plus for so long. Right now, call and whatapp them not even want to answer and reply.

Seriously, think twice if you wanna get this lawyer firm service. I am paying lawyer fees to get the things done accordingly instead they provided me headache stuffs and terrible service.

Studio/Soho unit for ownstay ard 300k in kv

JoJoSim — Fri, 10 Oct 2014 20:38:05 +0800

Dear all, pls recommend any good studio or soho unit for ownstay in klang vally. Since im working in kl sentral thus prefer those unit easy access to my working place maybe in Pj, old klang road, taman desa and etc. Prefer in between 20 to 30 minit can reach office by driving. Besides, im concern abt the safety thus need those unit with good security. Dont mind leasehold or freehold. It can be new or subsales unit but less than 5yr. Must come with 1 carpark. If gt 2 more better.Lastly, budget 300k. Would very appreciate all can recommend some. Thank in advanced.

Need advice on Loan application

JoJoSim — Tue, 07 Oct 2014 16:13:27 +0800

Hi all, need your advice.

My brother stay in Johor. He bought a property in KL. Any issue in future/ troublesome for him if he apply bank loan in KL? or still better wait others bank to open and apply in Johor?

* Currently the project only open to UOB bank certain branch in KL only. Others still not yet. According to Sales Agent, He can apply first and later transfer the loan profile to Johor. But i dont how true is it.

Any good tailor to stitch Saree in KL or PJ area

JoJoSim — Fri, 03 Oct 2014 10:17:29 +0800

Hi all, would appreciate anyone can recommend good tailor to stitch Indian Saree. Prefer in Brickfields or PJ area with reasonable price. Thks.

Any good tailor to stitch Saree in KL or PJ area

JoJoSim — Fri, 03 Oct 2014 10:16:15 +0800

Hi all, would appreciate anyone can recommend good tailor to stitch Indian Saree. Prefer in Brickfields or PJ area with reasonable price. Thks.