Hi, my mum is over 70 now, and consider whether to transfer the property to children now or do a will? My siblings don't have Malaysian citizenship anymore, so I know there's are more steps and fees when doing a will to my sibling, so we are trying to minimizes the fees when inheriting.

2 properties under 1M each, we can transfer to either of us (3 siblings)

Is she able to transfer property now as inheritance? What are fees involved in doing transfer now vs executing will?

No assholes disputes. Just that siblings are not holding malaysia passport anymore, so it's troublesome, and I already have 1 property under my name (and got IRAS kopi). I didn't realize there is a 5 year cooling period for sell

Isn't that additional cost.

So it's best to sell while under mum's name to avoid capital gain tax

Is RPGT 5 years for multiple properties or just first residence?

We don't have any objections, just finding the best way to avoid unnecessary taxes/fees.

Oh I see. Then cannot transfer to overseas siblings.

So if a child inherit property from parent, likely they won't have water/tnb bill in their name. So still need to switch before it can sell (within 5 years) to avoid RPGT.

If they don't check the water/tnb date, then it is a loophole, no?