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Thursday, December 23, 2010

Tenancy Agreement Contract Breached - Can we cancel the stamping?


After my last tenant broke the contract and defaulted on his room deposit, I was worried about the income tax reporting.  That's because I have already stamped the tenancy agreement at LHDN, and I was afraid that  LHDN will use it to trace the rental income. I searched for answers on the web on how to cancel the agreement.
I found websites which explained that rental income tax depends on our tax filing, not on the tenancy agreement stamping. So the tenancy agreement is breached and the rental is terminated, I should just report the income as what it really is, no need to cancel the agreement at LHDN.
Do you have any experience with this and would you have any advice for me?

5 comments:

  1. i am also not so sure about this.. but i think the info on the website is correct. which tenant is this> the handsome thai tenant ke? hehehe

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  2. Eun-yong, no this was tenant at SD Tiara whom I just found the replacement.

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  3. Did you come to a solution of the problem? I have similar worries recently.
    _____________________________
    end of tenancy cleaning

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  4. Domesticpedia, please refer to my update blogpost at http://propertydance.blogspot.com/2011/01/tenancy-agreement-stamping-update.html

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  5. end of tenancy cleaning End of tenancy cleaning is beneficial to the landlord and is the obligation of the moving renter. However, some renters will leave the property without conducting end of tenancy cleaning, so the charge then becomes the duty of the property owner. The process of end of tenancy cleaning is not easy as it involves leaving your property spotless as it was when the moving tenants moved in it for first time. post tenancy cleaning

    ReplyDelete