Malaysia Once Had Estate Duty: Understanding the History and Costs of Estate Transfers
Malaysia Really Did Have Estate Duty Before Many young Malaysians may not be aware that Malaysia previously imposed estate duty, also known as inheritance tax. Estate duty was introduced under the Estate Duty Enactment 1941. Estates with a net value exceeding a prescribed threshold were subject to tax. This system remained in force until it […]
Is a RM1.4 Million Call Option Fee Taxable? Court Clarifies the Scope of the 2016 Tax Exemption
RM1.4 Million Call Option Fee: Is It Taxable? A sum of money may be regarded as ordinary income, or it may fall within a tax exemption. The answer is sometimes found not only in the amount involved, but also in how the contract is drafted, whether rights have been disposed of, and when the relevant […]