Lurker, I think LHDN will not look for reit holders. I and my company partners are long term investors for Reits since 2009. 3 years ago, 2 of my partners was under full audit investigation for 7 years income. They are asked to print all 7 years relevant documents including all shares transactions and bank statements. After investigations completed, LHDN agreed both of them have fully declared income even though they never declares any dividend received from shares including Reits. This is the same for all countries, once you are tax with withholding tax. You can opt to accept that is final.
LHDN more interested in Business owners over their tax claims, allowances or deductions. They want you to submit all the documents or receipts under your deductions.the LHDN will go thru the details { what is allowed and which items they disallow }
my interpretation from this is that he had been trading frequently based on US standards and had incurred massive trading losses. LHDN uses a lot of US IRS standards, from Ng Yen Yen days as Deputy Minister of Finance when Malaysia implemented US artificial intelligence systems into LHDN.
InvestIcon
Lurker, I think LHDN will not look for reit holders. I and my company partners are long term investors for Reits since 2009. 3 years ago, 2 of my partners was under full audit investigation for 7 years income. They are asked to print all 7 years relevant documents including all shares transactions and bank statements. After investigations completed, LHDN agreed both of them have fully declared income even though they never declares any dividend received from shares including Reits. This is the same for all countries, once you are tax with withholding tax. You can opt to accept that is final.
Guaranteed he was entitled to a refund based on massive trading losses and LHDN kept quiet. LHDN is not obliged to sue you or to force you to apply for a refund.
InvestIcon
Lurker, I think LHDN will not look for reit holders. I and my company partners are long term investors for Reits since 2009. 3 years ago, 2 of my partners was under full audit investigation for 7 years income. They are asked to print all 7 years relevant documents including all shares transactions and bank statements. After investigations completed, LHDN agreed both of them have fully declared income even though they never declares any dividend received from shares including Reits. This is the same for all countries, once you are tax with withholding tax. You can opt to accept that is final.
Don't make your own assumptions. These partners are active businessmen and not active in equities trading but do invest mainly a lot in conservatives and good fundamental which have good dividend especially Reits like YTL Reits, Sunreit, Pavillion Reit and IGB reits. . Bare in mind, those who invest in these Reits from 2012 to 2018 are receiving very good dividend besides Shares price appreciation.
i3lurker Guaranteed he was entitled to a refund based on massive trading losses and LHDN kept quiet. LHDN is not obliged to sue you or to force you to apply for a refund.
@InvestIcon, I totally agrees with you. I invested Reits since 2009 and more than 50% of my investment are Reits. I own YTL reit, IGB reit, Sunreit, Sentral, ESR reit, Suntec Reits. before 2012, dividend from Malaysia Reits were Zero tax before 10% withholding tax imposed after 2012. Spore reits still 0% tax for individual until today. US also 10%. Currently, The highest tax rate is 10% in the world. If you are individual, you can choose to accept withholding tax as final tax or subject to business income tax if your income mainly depends on equities trading.
@stockraider, 17% for company may be there are cause companies pay Reits taxes base on company taxes. But now talking about individual, which country impose withholding tax 17% for individual?
Anyway now I only concern on how much profit Bplant will make in Q1 2022. Last quarter average CPO price around RM6,900. Just hope they includes part of the Kulai Young Estate disposal gain as Dividend
I think u color blind in addition to being delusional. Down 1 sen for today only n it has be up for past few days n u bark like ur end of the world. Today ur mixed rice cannot sell all by noon again?
doesn’t matter dumb or not dumb, got brain or no brain. Cut Lost!!! At current CPO price. I only knows I don’t need to waste time thinking buying CPO counters is right decision. Better Save our brain to think how to use our dividend.
Like I said way earlier…people like you will pretend St*pid on the 999 times you are wrong. ———————————— plantationgameover hahaha crude oil drop below usd100, tomorrow FCPO will follow suit, those who think prices can stay high forever will panic sell! This is why you must listen to excellent plantationgameover to sell before game over kikikiki 14 hours ago
I seldom use brain to think, but still know CPO can use as Biodiesel when needs, but when not enough Edible Oil, Can Crude Oil use to goreng Pisang? If cannot, what is the relationship of Shortage of Edible Oil and Crude Oil price drop?
plantationgameover hahaha crude oil drop below usd100, tomorrow FCPO will follow suit, those who think prices can stay high forever will panic sell! This is why you must listen to excellent plantationgameover to sell before game over kikikiki
hahahaha haters always come up with reasons to justify their own irrational behaviour wkwkwkwk. You guys like palm oil so much, you guys go drink it lo!
last time vaccine come out, glove drop, haters say vaccine also need glove ma! glove ASP drop, people say still higher than pre-covid level ma! glove plummet, people say at least got high dividend ma! glove crash and burn, people say undervalue ma!
plantationgameover may not be totally wrong but the timing of his comment may be wrong, if he comment after the second half of the year we can evaluate then if it hold water hehe
Haha, PGO why making so much noise here while all plantations stocks are in uptrend mood? He should appear here when Bplant touches RM3 maybe that time is more justifiable.
Bplant price trend has just started the uptrend. No sound minded fund's manager would sell short based on current pricing. Recent coverage of EPF selling in MARCH on certain KLSE counters was explained by their CEO. That EPF was mindful of the fund's net cash position { due to PM announcement on allowing members to withdraw additional $10,000 from their accounts} EPF investment board {CIO } and Treasury had to sell off certain local stocks and overseas holdings to standby for the members making additional withdrawal. They are not short selling. EPF has explained in details certain counters are hold for their dividend{s} pay out, certain counters as future growth stock and last but not the least certain counter are for trading. Their investment portfolio approach is govern by the Board internal SOP. External fund houses are also appointed by EPF to manage certain percentage of the shares local and foreign portfolio. EPF is the biggest institution fund in our local market. Their investment is for long term. Looking at growth, dividend and capital appreciation.
Bplant up 10+sen from Feb 18 till Apr 08 with a price range of betw 96 sen to 1.15 sen and settled at 1.06 on Friday. Whereas Glove at the height of MCO Mar-April pandemic . Prices treble up or traded limit up. Plantation counters hardly moved despite physical and FCPO was on an uptrend . No logic to compare the two
Top my @ss! Looking at ur pattern. Follow u? Buy TG RM1.5 sell RM2.5. Cut win cry until tears dry when TG up until RM25. Dulan until now is it? _____________________
plantationgameover but all these people lost money while plantationgameover sell at top and make so much money ma! so moral of the story is follow plantationgameover and dont get trap by promoters ma!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
i3lurker
14,785 posts
Posted by i3lurker > 2022-04-06 17:24 | Report Abuse
its always wiser to know that LHDN knows everything about you.