TAX QUESTIONS? YOU ASK LAH!

Your weekly dose of tax knowledge - become tax savvy in just 2 minutes!


Q: Can Steven choose not to stamp his tenancy agreement if he rents out an apartment? If there is no official stamped Tenancy Agreement, is he obliged to declare his rental income?  

A: According to the Stamp Act 1949, all tenancy agreements have to be stamped. Even if the tenancy agreement is not stamped, as long as he is receiving rental income, he is supposed to declare the income for income tax purposes.


Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

Subscribe To Our Newsletter To Get Weekly Dose of Tax Knowledge!

We respect your email privacy


Home     Useful Articles     About Us     Contact Us     Site Map

Copyright 2021    YYCadvisors.com    All rights reserved.