Jayden is a professional accountant. He owned a small practice in Melaka town since 2012 and made up his accounts to 31 December every year. In 2020, his business has been severely affected by the Movement Control Order (MCO) implemented by the Malaysian government in order to curb the spread of corona virus disease. As the decline of business income could no longer sustain the daily operating expenses, Jayden ceased his business on 30 April 2021 with an adjusted loss of RM30,000. He then joined KPMJ, an international accounting firm, as a tax director starting from 1 July 2021. Jayden received RM20,000 per month from KPMJ. He contributed 11% of his monthly salary towards the Employees' Provident Fund (EPF). Jayden is married to Leela. Leela is a kindergarten teacher since 2015 with a monthly salary of RM4,000. She contributed 11% of monthly salary to her EPF account every month. Besides the house they are currently residing in, Jayden and Leela also jointly own a condominium and a terrace house. Currently, the two latter properties (i.e. the condominium and terrace house) are rented out, the information of which is as follows: 1. Condominium (fully-furnished, rented out since 2018) RM RM Rental income received (January 2021-December 2021) 23,100 Advance rental 3,850 Deposit for utilities (refundable) 1,750 Expenses: Quit rent and assessment per annum 450 Annual interest for house loan instalment 3,000 Annual fire insurance premiums 1,150 Annual management fee 2,400