DEFINITION of ‘Fiscal Year-End’ or ‘Financial Year Ending’
The completion of a one-year, or 12-month, accounting period.
A firm’s fiscal year-end does not necessarily need to fall on December 31, and can actually fall on any day throughout the year.
The reason that a company’s fiscal year often differs from the calendar year and may not close on December 31 is due to the nature of a company’s needs.
Chris Tan answers your legal queries.This week, Mr. Wat asked the following: “Delivery of my landed property delayed almost 2 years. Bank loan disbursement is at 70%. What can I do? Can I file my case at tribunal?”
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February 16th, 2015 | Posted in Property | Comments Off on The Property Show Legal Clinic, Ep 3| BFM Podcast
Chris Tan answers your legal queries. This week, Ahmad from Bangi asked about a residential property sale in Shah Alam.
Ahmad, the seller, says the SPA was completed in the last two years but the buyer has yet to change to the new owner details with the city council.
He asks if he is still liable for the property and for the outstanding assessment taxes. In the eyes of the city council, Ahmad is still the account holder according to the online portal. Additionally, the outstanding dues amounts to over RM1,000.
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February 13th, 2015 | Posted in Property | Comments Off on The Property Show Legal Clinic, Ep 2 | BFM Podcast
