KUALA LUMPUR (Aug 30): CIMB Group Holdings Bhd has denied rumours it was the source of information on the Malaysian Government's alleged plan to include a 10% inheritance tax in Budget 2018.

CIMB said this in a statement today, in response to social media rumour on the matter.

"In relation to the rumour circulating on social media that CIMB Treasury is the source of information on the government's plan to impose a 10% inheritance tax at the coming budget announcement, the CIMB Group would like to clarify that neither the group, nor any of its subsidiaries, has made any official statement on any proposed inheritance tax in Malaysia," CIMB said.

The government will announce the nation's Budget 2018 this Oct 27.