No la. Just slower growth. Don’t expect 1970 to 1990s era kind of growth.

Inheritance tax isn't you getting tax.

It is your son/daughter getting taxed.

Because you already dead when inheritance tax happens.

Kecian

Inheritance tax isnt a tax on you, its a tax on whoever receives the inheritance - its a tax on their income.

Yup many like this. Loophole.

True story. My aunt nearing her 70's still buying one property per year these days. Each one priced at >1 mil. Dunno how many she owns now. Too much cash dunno where to put.

Boomers - I am not greedy I just want to pass down my 20 properties to next generation
Next generation aka millennials - Daddy akan kasi I rather spend my $$$ on Starbuck or Iphone or travel.
Boomers - Millennials are strawberry just want YOLO and tongkat

This post has been edited by bashlyner: Jan 19 2024, 11:24 AM

people don't understand you're not meant to be able to buy a house right after starting work

and to afford a house you need to sacrifice

Daddy : I buy my house because I want give my next gen
Millennial : okay then I no need buy house dy.
Daddy : but but but…..

buying new ipong more important than buying a house

yala...the money that my son get from me
(my money) still kena tax lor

imagine i hard work earn rm1k
potong income said ...said rm100

900

so the 900 kena lagi Inheritance tax
said rm100

left 800 aje

most sabahan already gave up on this and just wait for inheritance
there's no way their income can even get the loan approved

why bother with owning home? afterlife more important la...

but the inheriance MONEY already kena tax from income tax what

said ur salary AFTER income tax is 800.
so if u pass the 800 to your son..

the rm800 kena tax pulokkkk

got it?

man I've been house hunting for the past year, it's not just the price that is the issue, it's the quality too. Some housing developments I ask the neighboring properties always got issue that was supposed to be basic and easily done right, like electrical wiring not up to standard, or sewer drain into indah water sewage having negative grade and end up sewage pooling because can't drain properly.

if they can save, still okay la.
myself got my house late and im glad doing so. house loan settle in around 7 years.

This post has been edited by zerorating: Jan 19 2024, 11:30 AM

You pay income tax already.

When you buy thing, you need to pay SST/GST again? Why? Same thing je la

You support GST right?

actually there is a way to get over inheritance tax
but people have to overcome that asian mentality or mindset 1st

should limit control of residential ownership.
If commercial units can give no limit.
in Islam, home property + food expenses are excluded from zakat.
But malaysia islam goverment no practice.

so if i use the 800 to buy thing thing (800 is AFTER INCOME TAX),
then buy thing kena SST (tax again).

pass the thing to my son (kena inheritance tax) AGAIN..

so total 3 tax kena