The Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) said if at all the inheritance tax were recommended in the 2019 Budget, the minimum threshold should be RM10mil and the inheritance rate at 5% of RM10mil and above.
KUALA LUMPUR: It is inappropriate to introduce the inheritance tax now despite the need for the government to widen its tax base to raise revenue, as its implementation will further dampen the property market, a real estate industry association said.
The Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) said if at all the inheritance tax were recommended in the 2019 Budget, the minimum threshold should be RM10mil and the inheritance rate at 5% of RM10mil and above.
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