Insights

August 15, 2024 nglawcom 0 Comments

Gifting a property: Property transfer FOR FREE through a gesture of love and affection

Simplify Your Property Transfer : Understanding the Deed of Gift

Thinking of transferring property to a loved one in Penang? Our guide breaks down everything you need to know about the Deed of Gift, a legal document that allows you to transfer property ownership to family members out of love and affection. Learn about stamp duty exemptions, the Penang land rules, and Real Property Gains Tax (RPGT) relief that could save you money. Whether it’s between spouses, parents, or grandparents and grandchildren, we make the process seamless and stress-free. Reach out to Ng Law Firm for expert advice tailored to your situation.

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October 31, 2023 nglawcom 0 Comments

Medical Device Distribution/ Importation: Introduction to the Licensing Regime in Malaysia

The medical device industry is a fast-growing industry. Prime Minister Anwar Ibrahim today announced an allocation of RM41.22 billion for the Ministry of Health (MOH) in Budget 2024, a huge increase of about 13.5 per cent from RM36.3 billion allocated in Budget 2023. Having said that, stepping foot into this industry requires some regulatory requirements to be met. Some requirements can be lengthy and confusing, we summarize below a few pertinent points to get you started legally.

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August 22, 2023 nglawcom 0 Comments

Benefits of Writing a Will: What You Need to Know

Writing a will is an important task that everyone should consider. It is a legal document that outlines how you want your assets to be distributed after you pass away. Writing a will can help ensure that your assets are distributed according to your wishes and can help avoid family disputes and legal battles. Engaging a lawyer to write your will can be beneficial as they can provide you with legal advice and ensure that your will is legally binding.

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August 11, 2023 nglawcom 0 Comments

Grant of Probate: What It Is and How It Works With a Will?

Probate is a legal process that validates and administers the distribution of a deceased person’s estate, assets, and possessions according to their last will and testament.

When someone passes away, their estate (property, bank accounts, investments, personal belongings, etc.) needs to be properly handled and distributed to beneficiaries or heirs. Probate serves several important purposes.

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July 19, 2023 nglawcom 0 Comments

2022/2023 Stamp Duty Exemption and Remission under i-Miliki Home Ownership Programme for First Home Buyers

The Malaysian government’s i-Miliki initiative introduces updates to the Stamp Duty Exemption and Remission program, aiming to boost home ownership. With attractive incentives, individuals purchasing residential properties within specific price ranges can benefit from significant stamp duty exemptions and remissions. By reducing the financial burden associated with property transactions, these measures encourage affordable housing and stimulate economic growth. Eligibility requirements, such as executing a Sale and Purchase Agreement and not owning any previous residential property, ensure that the benefits reach those in need. Through these updates, the government aims to create a more inclusive and accessible housing market for Malaysian citizens.

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