Buying many cars using one name

[flamefox850]

let say that u have enough money to buy some cars, example u buy 3 cars with hire purchase (new cars) and 4-5 cars buy cash (used car). Is there any problem with JPJ ?

afraid they will told us to make SSM license becos can say almost like used car shop status already with so many cars.

any one here have many cars using his own name (in grant) like the above example ? Thoughts ?

 

[jimmyae101]

aiyo..as long as i got money ok..no problem..with nice number too no 1

 

[matshah]

no problem as long u got RM..

 

[^pomen_GTR^]

u buy many cash car later income tax would come and check on u


other than that i don't see any problem

 

[DanzEterna]

u register a company, then u purchase & register the cars under company registration.
but roadtax double la. but at least u pay less on your income tax.

i had 3 cars under my name before, but sold 1 car after 6mths. all 2nd hand cars.

 

[D7zul]

LHDN sure cari u punya..

they'll say "WHERE U GET THAT KIND OF MONEY?"

then, if u have relative in the gov.. SPRM will check on u..

u can buy cars.. but don't buy cash.. just take a loan..

Gudluck

---------- Post added at 12:46 PM ---------- 6 hour anti-bump limit - Previous post was at 12:44 PM ----------

Oh ya.. please buy one for me.. haha

 

[dr_snape_79]

Haha.. Sure got problem with LHDN

 

[karl_razlie]

my fren which, MLM hardcore buy cash his RX8...a few weeks later LHDN officer came to the house...hehehe..coz now days a lot of ppl become silent millionaire d... :)

 

[dr_snape_79]

Hahaha..