Facebook
Twitter
LinkedIn
Threads
WhatsApp
Telegram
See says these measures are not just for the wealthy group.
KUCHING (Sept 28): The government should offer a RM1,000 tax relief for wills, trusts and estate-planning services under Budget 2026.
This is among the highlighted items on the Malaysian Institute of Estate Planners’ (MIEP) ‘Budget Wishlist’, which it has submitted to the Finance Ministry.
The organisation also calls for practical measures to make estate-planning easier, reduce unclaimed monies, protect family businesses, and grow Malaysia’s position as a regional wealth hub.
Other key highlights are raising stamp duty exemption for family property transfers from RM1 million to RM1.5 million – RM2 million in Sabah and Sarawak, and exempt succession of family businesses from capital gains tax to ensure continuity.
The MIEP also calls for a central database to reduce missing wills and delays, as well as a digital system to resolve simple cases within 30 to 60 days.
Other highlights include the ‘Insurance Trusts’, the one-time RM300 rebate to encourage adoption, and the ‘Forest City Hub’, out to improve family office schemes with lower entry thresholds, wider investment scope and 10-year tax certainty.
According to MIEP president See Kok Loong, these measures are not just for the wealthy group.
“They will help ordinary families protect their homes, keep SMEs (small-medium enterprises) alive, and make Malaysia a stronger financial hub,” he said in a statement.
Facebook
Twitter
LinkedIn
Threads
WhatsApp
Telegram