Rental Properties Malaysia: Income Tax Act 1967

Income obtained from letting properties is taxable under the paragraph 4(a) of Income Tax Act 1967 (ITA). These includes rental from commercial properties, houses, shoplots, apartments, factories, office and etc. 

Failure to declare the income may be subjected to penalty based on the provisions under ITA 1967.

Many people have rental income when they are retired in their golden age. Some people have rental properties as part of their wealth creation or a way to achieve financial freedom or retire young. Hence, declaration of income must be made even if you only have one source of income from rental properties.

In order to declare rental income in LHDN, a stamped tenancy agreement should be made available. Note that, this document is also an important proof of income for bankers if you are planning to buy another property.

CIMB Secret Recipe 2018 Free Cake with RM50 spend

Get one COMPLIMENTARY slice of cake when you spend minimum RM50 with CIMB debit, credit or prepaid card at Secret Recipe!

Terms & Conditions

• Payment must be made with a CIMB Bank debit, credit or prepaid card.
• CIMB Bank debit, credit or prepaid card must be presented upon ordering to pre-empt staff on the promotion redemption.
• Limited to one (1) redemption per card/visit.
• No splitting of bills or tables is allowed.
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• Promotion is not valid with other ongoing promotions, offers, set meals, discounts, vouchers or privilege cards.
• Promotion is valid from 15 August 2018 until 31 July 2019.