TAX QUESTIONS? YOU ASK LAH!

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Q: If I have made annual payment for my gym membership and the period is from 1 November 2021 to 31 October 2022, can I claim lifestyle relief for Year of Assessment (YA) 2021? Do I need to prorate the annual subscription fee? 

A: Yes, you can claim the gym membership fee under lifestyle relief for YA 2021. You do not need to prorate the amount paid.


Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

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