By compounding this 35 rate annually for 43 years the minimum value of the property from RM20000 in 1977 would have increased to RM87794 in 2020. Asked on Apr 2 2001 at 1850 by. Budget 2020 It S Time For Wealth And Inheritance Tax By compounding this 35 rate annually for 43 years the minimum value of the property from RM20000 in 1977 would have increased to RM87794 in 2020. . As a non-resident youre are also not eligible for any tax deductions. Its previous version was revoked back in 1991. Luxury and excise duties Excise duties are imposed on a selected range of goods manufactured and imported into Malaysia. 151 rows The headline inheritance and gift rates are generally the highest statutory rates. 4882 Views Asked 21 Years Ago. Impose wealthinheritance taxes New Straits Times. Malaysia used to have the Estate Duty Enactment 1941 which served like the inheritance tax. My mom owns a house in Malaysia. Mala...