Rock Will Make Your Online vblog # 69: Part 2 Mike Grover, Senior Tax Specialist Partner of Ernst & Young Speaker # 5: Mr. Mike Grover Profile: Tax Specialist, Senior Partner of Ernst & Young in Malaysia, Brunei, Singapore, China, Hong Kong and Australia Theme # 5: Q1 Labuan tax efficiency and wealth planning for Malaysia: A1 for expatriates and their tax issues underlying it is permissible for expatriates in Malaysia to marry the locals when they decide to return to normal in their country of origin. If theExpats pass, the transfer of ownership to the Malaysian wife is not exempt from tax. The Malaysian spouse inheritance tax is charged to large losses. In Britain it is 40%! In order to avoid heavy taxes, the recommendation that the assets in trust, so that women can freely enjoy the inheritance tax. Q2: We all thought that the Malays are not subject to inheritance tax, but why do you fall in Malaysia to pay the inheritance tax, considering their property abroad? A2: Malaysians should notto pay the inheritance tax, but if their property is in countries that has inheritance tax, are subject to tax. WOW! THIS 'SOOO annoying Me Now ", but not the inheritance tax on movable assets (securities, cash, background, etc.)' s so easy to step aside and avoid the tax applies - planning and structuring your heritage key point: is not there. a time to make money, there is a time to protect your money. plan ahead to protect your money from the clutches of the IRB.
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