Soon re-introduction of Inheritance Tax?

The Malaysian government in need of more tax funds is looking into the re-introduction of inheritance tax to support its massive budget. Are the Malaysian wealthy and even the not-so-wealthy exposed?

As legislation tends not to be retrospective in operation, it is timely now to prepare and plan ahead to minimise and if possible, even eliminate this risk.

Trust and legacy planning in other jurisdictions subject to inheritance tax, have shown the effectiveness of these structures to 'safeguard' your assets and inheritance for future generations.

URL link: Dr Dzul suggests Malaysia consider implementing inheritance tax for increased tax revenue (nst.com.my)