1.  There is no wealth tax, inheritance tax or gift tax in Malaysia. Also there is no estate duties in Malaysia.
2.  With effect from 1 January 2010, RPGT of 5% flat is applicable on gains on disposal of;
  i. Real Properties.
  ii. Disposal of shares in real property company.
  for the properties disposed within 5 years from date of purchase.
3.  No RPGT levied if the property has been held for more than 5 years prior to the disposal.
4. However below are the "Tax Exemptions" available in Malaysia even if the property is disposed within 5 years;
  i. Disposal of a residential property once in a life time by an individual.
  ii. Transfers as a gift between;
   A. Parent and Child.
   B. Husband and Wife.
   C. Grandparent and Grandchild.
  iii. An exemption of RM10,000 or 10% of the Capital Gain, whichever is greater, for each disposal of a property by an individual.
Chargeable gain is generally calculated by deducting Sales Proceeds from Purchase Cost of the property.