{"id":59045,"date":"2023-10-05T17:56:42","date_gmt":"2023-10-05T09:56:42","guid":{"rendered":"http:\/\/wordpress-my-161844363.ap-southeast-1.elb.amazonaws.com\/articles\/?p=59045"},"modified":"2023-10-06T17:02:30","modified_gmt":"2023-10-06T09:02:30","slug":"miep-budget-suggestions","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/miep-budget-suggestions","title":{"rendered":"MIEP Calls For Policies To Aid Families And Individuals In Budget 2024"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Malaysian Institute of Estate Planners (MIEP) has called for the government to introduce policies that will help families and individual taxpayers in Budget 2024.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a press release from MIEP released today, MIEP stated that they are continuing to advocate for policies that support families and individual taxpayers in Malaysia, complete with proposals for Budget 2024.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">MIEP also stated that they have always been a champion for responsible estate planning, asset protection, and financial security for all Malaysians.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And this can be seen in the proposals they made for the government.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here is a list of the proposals made by MIEP;<\/span><\/p>\n<ul>\n<li>Nominal Stamp Duty for property transfer,<\/li>\n<li>Personal tax relief for Will and Estate Planning expenses.<\/li>\n<li>Tax incentives for Family Offices,<\/li>\n<li>Digital solutions for estate planning,<\/li>\n<li>Capital Gains Tax exemption for family-owned businesses,<\/li>\n<li>Tax deductions for estate planning seminars and consultations, and<\/li>\n<li>Simplified probate procedures.<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">MIEP also explained that these proposals are made with the purpose of continuing the success they had in 2023.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In 2023, they made the proposals for a nominal stamp duty of RM10 for property transfer from a parent to their children or grandchildren and a personal tax relief of up to RM500 per individual taxpayer for Will and Estate Planning expenses.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Both of these initiatives were introduced in <a href=\"https:\/\/www.imoney.my\/articles\/highlights-budget-2023-retabling\" target=\"_blank\" rel=\"noopener\">Budget 2023<\/a>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MIEP has called for the government to introduce policies that will aid families and individual taxpayers in Budget 2024.<\/p>\n","protected":false},"author":51,"featured_media":51626,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1026,1602,218,216],"tags":[1395,1601,751],"class_list":["post-59045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-budget-2023","category-budget-2024","category-money-management","category-news-updates","tag-budget-2024","tag-miep","tag-tax"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>MIEP Wants Policies To Help Families In Budget 2024<\/title>\n<meta name=\"description\" content=\"MIEP has called for the government to introduce policies that will aid families and individual taxpayers in Budget 2024.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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