Q:
A father owns a property, but he rented out the property to his son and signed a tenancy agreement. Is this approach correct?
A:
Yes, this approach is correct, even though this property is rented out to a family member, proper documentation should be prepared, and the rental should be charged at market rate.
Q:
Are kindergarten fees eligible for claiming personal tax relief?
A：
Yes, the kindergarten fees are eligible for claiming personal tax relief if the following conditions are met:
(i) fees are paid to a kindergarten registered with the Ministry of Education Malaysia; and
(ii) for a child aged 6 years and below.
Wishing you plentiful tax savings!
Zen Chow
YYC Tax Guru
P.S. I've received a lot of tax questions, so now I am answering the frequently asked questions and sharing them with you weekly!
P.P.S. One more thing. I have a tax savings course that you won't want to miss out. Because it can help you save hundreds of thousands of taxes! View my course here: bit.ly/youaskzenlah