Tax Exemption for Rental Income from Residential Property (YA 2018)

It was proposed in Budget 2018, which was tabled in parliament on 27 October 2017: i. 50% tax exemption will be granted on rental income not exceeding RM2000 a month on residential homes, received by resident individuals; ii. The exemption would be effective for 3 years, from 2018 to 2020. The intention of this proposal is to promote affordable housing and to strengthen the housing market. In relation to this proposal, the exemption order “Income Tax (Exemption) (No. 2) Order 2019" was subsequently approved and gazetted on 27 February 2019. According to the exemption order, 50% of a person’s statutory income derived from the rental of residential property during the year of assessment 2018 [

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