TAX QUESTIONS? YOU ASK LAH!

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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.

Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

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