Advertisement Banner

Easy to refer. How to declare our rental income.

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

This is for owners who have rental income but is not so sure how to declare it for Year of Assessment 2018. What are the possible deductions? Are all expenses on the units deductible as well? There’s no need to guess… The below is a very easy to understand image and excel sheet from Ms. Jessica Jong. She’s a mortgage management consultant, coach, trainer and speaker. I have attended her session. She shares a lot of important things we should know about mortgage and how to save more interests. Let’s read what she says.

Income from renting out residential homes is given a 50% income tax exemption provided it meets the following conditions:

i) The landlord is an individual citizen who resides in Malaysia and is the registered proprietor of his residential property;

ii) The amount of rental per month received from each residential property does not exceed RM2,000;

iii) The tenancy agreement between the landlord and the tenant which has been executed and stamped comes into effect on or after 1 January 2018; and

iv) The residential property is rented out for any period from 1 January 2018 to 31 December 2018.

Recently my friends asked me on how to declare their rental income for YA2018. You may refer to my answers below if you do have the same questions ya.

Q1️⃣: What if I rent out more than one unit of residential property?

✅A: If the landlord receives rent from more than one residential property, each residential property is treated as a separate source of rental.

Note: One of the conditions to be eligible for this 50% tax exemption is – the amount of rental per month received from each residential property cannot exceed RM2,000

Q2️⃣: How should I file the rental income?

✅A: The landlord who is granted an exemption under subparagraph 3(1) of the Order shall maintain separate accounts for the rent received from each residential property.


To help you understand better, I have prepared a sample on How to calculate on your rental income (refer to the picture below).

If you find this post is useful, feel free to SHARE to your friends 😄


Follow my FB Page here : Mortgage Management

You may also download an excel file here too for easy calculations by yourself! Visit her FB page and say thank you yeah. Thank you Jessica.

Please LIKE kopiandproperty.com FB page or Sign Up for free to get daily updates about the property market.

Next suggested article: Tips to pay down your debts

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

We love to hear from you (Facebook Comment)

LIKE us for property news update, FREE.


Advertisement Banner



kopiandproperty.com is everything about property related writings and news. Enjoy reading with a latte.

Advertisement Banner

LIKE us for property news update, FREE.

Property investment news everyday? Subscribe for free!

An article a day, keeps updated all the way.

Join 1,490 other subscribers

Property investment news everyday?

An article a day, keeps updated all the way. Subscribe for free!

join the family

Like us for daily investment news and more

Hit the like

%d bloggers like this: