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Currently, there is no estate duty in Malaysia. However, tax liabilities are still a major concern because the Income Tax Act’s Section 74(5) requires the will executor to first ensure that there is no outstanding taxes before distributing the assets left behind by the deceased. Under the same law’s Section 106, the Inland Revenue Board has the right to sue the will executor to collect the taxes owed, if the latter fails to clear off the outstanding tax when the deceased has left behind assets.

PART and parcel of good and holistic financial plan means accounting for the possibility of your own and your spouse’s demise.

However, most people don’t like talking about this part of their wealth planning. Firstly, it is difficult to predict what may or may not happen in the future, and on top of that the topic isn’t exactly all roses and sunshine.

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  •  trc20交易平台(www.usdt8.vip)
     发布于 2022-11-23 00:08:31  回复
  • 官员们多次否认了关于公寓楼“年久失修”的传言,他们答应将对事故缘故原由睁开举行紧要观察,但工程师们同时示意,现阶段无法给出一个确切的结论。 这是一篇很OK的文

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