Rental Income Tax Basics for Foreign Property Owners
Rental profits from residential condos, serviced apartments or commercial spaces are taxable. Key rules:• Section 4(d) – Passive Rental (most foreigners): Net income after direct expenses, taxed at 30% flat rate for non‑residents. No loss carry‑forwards or capital allowances.• Section 4(a) – Business Rental (active management, e.g. Airbnb with services): Treated as business income. Foreign […]
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