Oct 20 2017, 01:49 PM
QUOTE(cfa28 @ May 22 2014, 06:49 PM)
you can call its Gift
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
Dear cfa28, been reading all your informative replies and now I would like to ask a quick question. 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
Receiving a lump sum amount of money (as a gift) from US relative to buy a property in Malaysia, do I need to declare anything to any authority in Malaysia or they will come to me eventually?
Things have been done: printed out a form which we googled online: Declaration of Gift & Solvency, has all the details filled up, relative in US signed, witness signed and notarized in US. In short, this document saying this is a gift to me in Malaysia ... etc. Even have the photocopy of the bank statement in US. All these sufficient to let me buy the property in Malaysia with peace of mind?
Thank you.
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