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 Buying First Home, Finance and Legal Advice

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TSNaiveLady
post Nov 30 2009, 09:43 PM

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If I buy new properties, usually the developer pay the stamp duty, legal fees and etc.....
If I buy existing properties, who have to pay? Is it seller or buyer or both?

Is this correct?

S&P Stamp Duty Rates:
First RM 100,000.00 = 1%
Next RM 100,000.01 - RM 500,000.00 = 2%
Next RM 500,000.01 - RM 2,0100,000.00 = 3%
Above RM 2,000,000.00 = 4%

Loan Agreement Stamp Duty Rates:
Any Amount = 0.5%

How abt the calculation for loan agreement, transfer of title, etc.....???


This post has been edited by NaiveLady: Nov 30 2009, 10:35 PM

 

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