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  • Jini Seelan

Do You Need To Declare Your Rental Income to LHDN?

Not sure whether you need to declare your rental income to LHDN? 🤔 The answer is YES! 🔑🏠

If you own a property and receive a monthly rental - regardless through an agency or directly from the tenant - you are required to declare the income earned.

A few things to note:

📌 Rental income is taxed on a progressive tax rate from 0% to 30%

📌 These rentals will be taxed on a received basis

📌 Losses cannot be carried forward to the next year

We highlighted expenses that are tax deductible and those that are not, along with some FAQs 📝

If you have any other questions, reach out to us via WhatsApp and our team will assist.

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