100 Ways to Save Tax in Malaysia for Property Investors is a comprehensive guide to the tax implications of property investment and property ownership. As a work that collects together in one source all of the tax issues relevant to property investment and ownership, it is an invaluable tool to help investors in their vital decision-making processes. The book covers the specifics of the taxation of property income, which is in many ways distinct from the taxation of other kinds of income. In doing so, it discusses the setback for investors resulting from the re-classification of property income between “investment” versus “business” income and the need to adapt. The availability of deductions and capital allowances against rental income is discussed with clear examples. The subject of investment holding companies is given a special chapter in view of its particular implications for property investors. Besides dealing with the taxation of property income, the book covers other areas of taxation including real estate investment trusts (REITs) and assessment tax which have relevance for the property investor. Tax-saving strategies which include tax deferment, tax reduction and elimination of tax liability are explored with practical illustrations. Due to its significance a completely new chapter is devoted to Goods and Services Tax (GST) which is due to be introduced in Malaysia on April 1, 2015.

Wary property investors should also be aware of the tax implications of dealing with properties in such a way that a profit on sale becomes liable to income tax. In this context, the “badges of trade” are examined and useful guidelines and examples are provided. Stamp duty which is a significant cost for property investors is also covered by the book including the calculation of advance stamp duty. This book contains a wealth of ideas to help you to minimise the taxes you have to pay and to plan your future actions so as to pay as little tax as possible, using simple everyday language and practical examples to illustrate them. It is certainly a book not to be missed by property investors, tax consultants, real estate consultants, estate agents, lawyers, landlords and anyone with an interest in property income.

Highlights of new materials covered in this edition:

• Substantially increased RPGT rates for disposals on and after January 1, 2014.
• Tax to be withheld by the acquirer of real property or RPC shares.
• Tax implications on conversion of a partnership or a company to a limited liability partnership (LLP).
• The potential for joint and several liability of a director is increased.
• Working of GST in relation to property-related transactions.

100 Ways to Save Tax for Malaysian Investors is written specifically to help Malaysians understand the way tax applies to different kinds of investment and how it can impact on the investor. It is designed to inform and educate not only the individual investor but also companies and other bodies in the private sector, including their directors, managers and owners as well as investment advisers and managers and other professional advisers, such as accountants and lawyers. The main focus is on investment in Malaysia by Malaysians but the book also covers the tax implications of investment overseas including investment in Labuan as well as investment by non-residents and by successful applicants under the Malaysia My Second Home programme

Authors: Irsyad Tariq, S. Saravana Kumar
Publication Date: December 2024
ISBN: 9789672875345 
Format: Paperback
Country: Malaysia

“…Through this book, the authors, Mr Irsyad Tariq and Mr S. Saravana Kumar, seek to explore the intricate relationship between tax policy, ethical considerations, and their implications for businesses and individuals within the Malaysian context. I wish to congratulate them on this endeavour as this book is the first of its kind in Malaysia and this region…It is my sincere hope that this book will stimulate thoughtful dialogue among practitioners, scholars and policymakers, ultimately contributing to a more equitable and transparent tax environment.
 I hope the efforts of the authors in writing this book will assist us in navigating the complexities of taxation and ethics, striving for a future where fiscal responsibilities align with our moral obligations…”
– From the Foreword by Prime Minister of Malaysia “YAB Dato’ Seri Anwar Ibrahim”.

“…This book, ‘‘Taxation and Ethics in Malaysia’’, offers a timely and thorough analysis of the ethical considerations surrounding the Malaysian taxation system. It explores the historical, current, and future dynamics of taxation while examining the legal and regulatory frameworks that govern tax compliance and the tax appeal process. The book addresses several significant topics, including the perspectives of the Judiciary in tax cases and the complex ethical dilemmas faced by taxpayers, tax authorities and policymakers. Besides, it analyses the ethical and moral dimensions of tax compliance, avoidance, and evasion. It also highlights the essential role of tax administration in effectively managing tax collection and fostering an environment characterised by trust, compliance, and accountability.
I commend the authors for their meticulous research and erudite analysis. This book is a valuable resource for policymakers, tax authorities, taxpayers, academics, and anyone interested in the intersection of law, ethics, and economics. By fostering a deeper understanding of the ethical implications of taxation, this book can help to promote a more just and equitable tax system…”
– From the Foreword by Chief Justice of Malaysia “Tun Tengku Maimun Tuan Mat”.

• Reports the full judgment, with a headnote summarising the facts, issues and decision of each case
• Subject index is provided with key terms to indicate the relevant question of fact or law of the case