In the world of asset management and financial management, an underappreciated yet influential entity has taken centre stage – the family office. On a global scale, these specialized entities have played an important role in safeguarding and amplifying the fortunes of affluent families across generations.   The emergence of family offices in Malaysia speaks to the unique wants and needs of the nation’s wealthy households as well.  Join us as we peel the curtain open and take a look behind the drapes of the fascinating world of family offices, their evolution ..read more

Nestled within the complex web of Malaysia’s legal framework, Faraid distribution is the heartbeat of Malaysian Islamic inheritance law. It blends Islamic principles with local customs, determining how assets are divided among heirs or successors. In the following sections, we will provide a clear overview of Faraid, its significance, and its relevance in present-day Malaysia.   Faraid: A Brief Overview To begin, let’s set up a solid foundation by uncovering more about Faraid. In essence, Faraid represents the divine blueprint for distributing a deceased person’s estate&nbs ..read more

The term Wasiat carries great significance in Malaysia given its application to the multifaceted realm of estate planning that brings together legal intricacies, cultural traditions, and individual choices. In this comprehensive guide on all-things Wasiat, we will take a closer look into its origins, legal nuances, and modern-day relevance. Whether you’re about to move forward to estate planning or simply curious about this facet of Malaysian law, continue reading as we explore what one should be aware of when it comes to Wasiat.   Origins and Historical Context of Wasiat To really g ..read more

In our ever-evolving world, many long-held customs or practices have faded into obscurity, leaving us to wonder about their origins and significance. One such tradition – Hibah, may not be a household term, yet its roots run deep, tying us with a rich tapestry of culture and legal heritage.  Read on as we peel back the layers to understand what Hibah truly is. Come along as we break down Hibah as a whole, simplifying its complexities and revealing its timeless significance in modern society.     Historical Roots of Hibah To start, let’s go back in time to find out the herit ..read more

Land conversion dispute prevention in Malaysia is a significant aspect of safeguarding your property rights alongside investments. In truth, the notion of converting land for development or commercial reasons can appear enticing and daunting for a homeowner. While land conversion in Malaysia brings about new opportunities, it also raises the possibility of disputes and legal issues.  Read on as we take a closer look into the proactive role of lawyers who specialize in land conversion dispute prevention in Malaysia. From early legal advice to comprehensive representation, these legal profe ..read more

Taking full advantage of reliable legal assistance for land zoning in Malaysia is vital when unlocking your property’s full potential. Picture this: a vast landscape with untapped potential, poised to be rebuilt into a vibrant community or a thriving commercial hub. Despite this, navigating the intricate web of land zoning and land use regulations tends to feel like stumbling through a maze without a guide. But fear not! Our team of lawyers and experts specializing in all things land use in Malaysia are here to guide you as your trusted allies on this exciting journey.     Introduct ..read more

Acquainting yourself with the strata property guidelines in Malaysia is not only a good idea; it is the key to navigating the world of strata property ownership without getting entwined in legal woes. Ahead, we’ll go over a few noteworthy dos and don’ts that every savvy strata property owner should be aware of before diving headfirst into strata ownership. Let’s begin!     Understanding Strata Property in Malaysia Before we proceed with the dos and don’ts, let’s define strata property and find out the legal framework that governs it. Defining Strata Property In Malaysia, strata prop ..read more

If you’re on the fence about converting land or are merely curious about the land conversion costs in Malaysia, we have you covered. At SIM RAHMAN, we understand how daunting it may be at times to navigate the financial aspects of land conversion. Which is why it is our goal to simplify the process, giving you the insights you need to confidently lay out and execute your land conversion procedure. Regardless of whether you’re an aspiring property developer, an investor who wants to broaden your portfolio, or simply a curious individual, let’s go over the ins and o ..read more

Dear valued clients & readers, We refer to the article posted in our website dated 16 June 2023 titled ‘The tax implications of inheriting Property in Malaysia’ which was uploaded by unknown party without our consent and has been circulating. We seek clients and readers to disregard the said article which is clearly erroneous. Sincerely, Sim & Rahman Solicitors & Advocates ..read more

In Malaysia, inheritance tax is not imposed on individuals. However, the Malaysian government imposes a stamp duty on the transfer of property or assets to beneficiaries after the death of the owner. This stamp duty is known as the “Estate Duty” and is levied on the net value of the estate.  How much do Malaysians have to pay for estate duty?  In Malaysia, the estate duty is calculated based on the net value of the estate. How you will calculate the estate duty is the total value of the assets minus any liabilities at the time of death.  Basically, if you have any outstanding de ..read more