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.
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.
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.
Overseas investments can lead to a higher return. But there’s also the possibility of high transaction costs, currency depreciation and cultural miscommunication.