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Q: My daughter is studying a full-time Degree course in a local university. At the same time, she is also running her own online business which is making a loss. Can I still claim child relief of RM8,000?
A: Your eligibility to claim child relief depends on whether your daughter’s total income for the year exceeds the child relief amount that you could claim. Since the business is making a loss, her total income for the year would be less than the child relief amount of RM8,000. As such, you are still eligible to claim the RM8,000 child relief.
Wishing you plentiful tax savings!
Zen Chow
YYC Tax Guru