Inheritance Tax - Malaysia ada boh?

TALK of a new tax called the inheritance tax being introduced in Budget 2018

You might say, isn't it Budget 2018 already announced? Isn't it there's no inheritance tax in Malaysia?! What you want to say about it?

Well, we know it is not in Malaysia now. But, it had been implement here before 1991 and many developed countries are implementing this tax NOW.

Who know when will it coming back to us?
Get to know about it from now will be better than hectic when the time comes.

The tax is usually found in developed nations. The highest rate among the Organisation for Economic Co-operation and Development countries is Japan’s, at a whopping 55%, while Italy has the lowest rate at 4%. There are 15 countries within the OECD that do not impose it on assets passed on to direct heirs.

But inheritance tax, which is designed to tax the wealthy and reduce the inequality gap, comes with its own set of problems. In the UK, it is applicable to estates with a value of above £325,000 at a rate of 40%.

Of course, there are situations where the tax would not apply, that is when the estate is left entirely to the spouse or civil partner, or when everything is left to charity.

What you can do to handle the inheritance tax?
What if we start taking the good steps of handling it but there's still no inheritance tax when we migrate to the wonderland?

CONTACT ME NOW: 016-6825195

Source: Question of inheritance tax resurfaces in Malaysia