Big Band Jazz in Penang on Sept 27th,2017

Posted on Leave a commentPosted in MM2H, Penang, Retirement

Jazz has always struck a chord with me. Men and women dressed to the nines in their elegant frocks and black ties, all for the occasion and what an occasion it was! The Big Band Jazz concert exhibited the best of jazz from a bygone era of art deco and sophistication; the Great Gatsby, Ellington, Count Bassie. It’s the very best of music, fused with sartorial elegance.

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Stamp Duty may increase for Property Transfers WEF 1st January, 2018 – Stamp (Amendment) Bill 2017

Posted on 1 CommentPosted in Property, Stamp Duty, Tax

On a trip to Kuala Lumpur last week, I was discussing the acquisition of an oil palm plantation with clients when the issue of disbursements such as estate land board application & registration fees,  stamp duty on the instrument of transfer cropped up. Although my team & I are aware, as announced in the 2017 Budget, the stamp duty on the instrument of transfer for amounts over RM1,000,000/- is set to increase from 3% to 4% WEF 1st January 2018, it was only then that the magnitude of the proposed amendment to the Stamp Act dawned on us, which is the reason for sharing this write up.

Because, even if you’re not planning on purchasing a large plantation, it might be something worth looking into. For instance, if you were to purchase a property worth RM2,000,000 after 1st of January, 2018 as opposed to today, the increased cost to you could potentially be RM10,000/-. So, rather than wait till December 2017 when it is anticipated “panic” signings will occur and when most people tend to be on leave, why not think of entering into your purchases now? Something to mull over!

Meet my sister, the Penang local, and discover more of Penang’s hidden gems

Posted on Leave a commentPosted in Penang

I caught up recently with my sister, Tiffany, who coincidentally also just visited and reviewed a place I’ve been meaning to check out (great minds!). It’s called the Habitat Penang Hill, and it’s a nature trail & canopy walk run by two close friends of our family, Freddie and Allen. The Habitat trail takes you past 3 of Penang Hill’s oldest historic bungalows and rainforest. Read more about the Habitat at Penang Local, my sister’s website on everything Penang.

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MM2H wills and estate planning issues for expats

Posted on 2 CommentsPosted in Estate Planning, MM2H, Tax, Wills

MM2H wills and estate planning issues for expats: Penang has a substantial expat population, a lot of whom are British and are here through the Malaysia My Second Home (“MM2H”) programme. In light of the UK  tax changes effective from 6 April 2017, I thought it would be helpful to update the local British expat community as well as Malaysians who are invested in the UK on how the changes may affect them. So I organised a group of talks with a UK tax accountant, Jon Golding.

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