so far i dun have the luck for developers to compensate me ! NI is very prompt on billing me with every stage they completed! yes , it make sense that shouldnt restrict by the cheque amount from malaysia ....
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Living in JB 2 (Johore)
- Thread starter wuqi256
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so far i dun have the luck for developers to compensate me ! NI is very prompt on billing me with every stage they completed! yes , it make sense that shouldnt restrict by the cheque amount from malaysia ....
Yup of course the banks would want more money from customers but the daily cash deposit limit for foreigners' account(not an account registered under a local's name) is a law set by their government to deter money laundering. If you deposit cash, they can't trace the money trail(source of fund), that's why they restrict the daily deposit if it is in 'cash'.
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There is which will be RM 10K.
But if you could provide your S&P or payment invoice from your developer, additional deposits will be entertained.
For deposit machine, it is the same at RM 10K.
The reason for not accepting more deposits is for money laundering controls I believe.
You scared me ah
I think this Buddha quote might help you.
Buddha Quote #392 - If an individual has a calm state of mind ...
If an individual has a calm state of mind, that person's attitudes and views will be calm and tranquil even in the presence of great agitation.
By Tenzin Gyatso
Investor said:
Just semi detached and bungalows. 2 storey and 2.5 storey types for both.
Actually I did not stay there initially. They conducted spot checks several occasions but could not find me. I claimed that I worked very late, afternoon shift work end at 11pm and reached home around 12 plus. Finally they spot check at 1am, very "on the ball". The second occasion, they warned me again and would conduct another check but I told them i rotated to morning shift, so they came again at 5am, and I was about to leave home. I think that period was "hot" where many people buy and rent out and I was one of them.
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Any cash deposite over 10k, will just need to fill in a form stating the reason will do. If your housing loan is with the same bank, they won't question further.
Most of the bank will have a special private room that cater for customer with huge amount of cash, so it wont be visible to others when you take up those stacks of cash.
I have query on the rent out HDB unit with legally: I have HDB and planning to move to HH (i bought the fairway condo) next year, can i report to HDB with legally to rent out the unit? what the procedure? how the tax?
Very true. The convenience of depositing cash is often understated.
Wow, high end development.
The problem with doing cash deposit is that it is not safe to carry cash of such amount to Malaysia. Moreover, you get better exchange rate for TT than for getting Ringgit in cash. So TT is safer and yet you get more Ringgit. But the depositing agent which all those money changers are using is doing the deposit for you in cash, thus all the money changers will tell you that the limit is RM10k per day. If you wanna deposit RM50k, they will do it over a spread of 5 days.
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refer this web to find out more :
http://www.hdb.gov.sg/fi10/fi10323p.nsf/w/RentOpenMktRentOutRoom?OpenDocument
if TT will be tracked by govt ? haha ....
someone told me we need to pay overseas properties taxes in SG too ! i yet to find out whether its true coz i thought what u earn in sg u pay , what u earn in overseas , u pay to e relevant countries ....
but most of the banks does not operate on sat except HLB on even weeks , so cash deposit still limits to RM10k ....
Singapore has a Comprehensive Avoidance of Double Taxation Agreement with Malaysia (http://iras.gov.sg/irasHome/page.aspx?id=812) so I don't think you need to pay tax on rental returns from your Malaysia property in Singapore.
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Not too sure; I thought I saw a few booths at HomeDec selling TVs and home theatre systems.
Sure, will check out the Yamaha system. My friend is based in Ipoh, hopefully she is still working with them. I think LG is also working on glass-free 3d tv.... and you're right that they don't have 50" and above yet
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If it's the actual TT(telegraphic transfer) method from the bank to your account in Malaysia, there's no daily deposit limit cos the Malaysian bank knows where the money came from(which is the bank in Singapore).
Money changers tell you they they can do TT for you to Malaysia but actually they are using a depositing agent who deposits the money into your account in 'cash', that's why they are subjected to the daily deposit limit.
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