No inheritence and gift tax in Malaysia?, Tax free for assets transfer to child?
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 May 22 2014, 05:09 PM
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#1
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Junior Member
121 posts Joined: Nov 2006 
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hi all..
how about if inherit prop & cash from parent and later give large sum money back to parent in the form of (cash, transfer to their account) would parent will will subject to tax? any idea anyone? |
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May 22 2014, 05:47 PM
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#2
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Junior Member
121 posts Joined: Nov 2006
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QUOTE(cfa28 @ May 22 2014, 05:41 PM) there is no inheritance tax in MY. yes...i am aware that there is no inheritance tax in malaysia...from understanding...Only Capital Gains Tax in MY is RPGT  inheritance is like parent to children...now how about after children received the money later give large sum to parent..can this consider inheritance as well ( parent inherit money from children??) |
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May 22 2014, 06:04 PM
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#3
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Junior Member
121 posts Joined: Nov 2006
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QUOTE(cfa28 @ May 22 2014, 05:49 PM) you can call its Gift oh..ok thanks for your advice cfa28 Normally England - Parent to Child is inheritance, Child to Parent is Gift But do bear in mind, if parents or children give Property to each other, there is potential RPGT  bank side not so worry as i can proof the origin come from inheritance...so is not "unknown money" |
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