It has been a dramatic few months for Malaysians, starting in May 2018 with a new Government in place after 61 years, and the re-election of 93-year old former Prime Minister Tun Mahathir as our new Premier. From a political standpoint, this is exciting for us Penangites because Lim Guan Eng, the former Chief […]
If you’re a British Expat in Malaysia, join me as I present a talk on Estate Planning. There will be MM2H coverage as well.
MALAYSIA MY SECOND HOME (MM2H): FREQUENTLY ASKED QUESTIONS, MAY 2018 It’s been months since I published our last MM2H FAQ. Since then, I’ve had an overwhelming number of questions from those of you seeking clarification as you consider making Malaysia your new home. As there have been many questions, I’m going to list the most […]
I’m sitting on a long wooden table at my surf camp on a rugged tiny island in the Indian Ocean, hours by boat, west of Sumatra in Indonesia. We wait patiently for favourable winds to bring peeling walls of water for us to carve on. There’s time to reflect during these waits.
As someone who likes his advice to be user friendly, there’s nothing like getting direct feedback from the business community. Specifically, in terms of the laws of succession and estate planning, what type of guidance they need. I recently received an invite from Vistage, a peer advisory grouping of CEOs and business owners, to chat to […]
Will Malaysia introduce inheritance tax. About a month ago, I caught up with some Singapore and BVI trust lawyers over some off shore trust work. Coincidentally, on my return, WhatsApp messages started trickling in, asking whether inheritance tax will be introduced in the upcoming budget.
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 […]
What an exciting couple of weeks it has been! I got a few challenging wills signed off and advised on some complex structures for Malaysian families with UK ties.
In a previous blog What Is UK Tax Residence, I made reference to the following article, The New UK Residence Rules, by Jon Golding ATT TEP. I have attached it below for your ease of reference.
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 […]