Q: 

Do courses such as shares and options trading, online marketing, or property investment qualify for personal tax relief?

A: 

Yes. From the Year of Assessment 2024, the scope of Lifestyle Tax Relief has been expanded to include self-enrichment courses. However, the course should be undertaken for self-enrichment purposes and is unrelated to the individual’s job. The course fees may be claimed under Lifestyle Relief, subject to a maximum of RM2,500, whether the course is conducted online or offline.

I am a full-time stock investor and stock investment is my main source of income. If I enrol in shares and options trading courses, can the course fees be tax deductible?

A: 

If you are a full-time stock investor and stock investment is your main source of income, the income is generally regarded as business income for tax purposes. In such cases, if the shares and options trading courses are directly related to and undertaken to support or enhance your investment business, the course fees may generally be deductible as business expenses, provided that the expenses are incurred in the production of income.