No 50% stamp duty discount for 2nd hand condo?
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 May 10 2010, 07:46 AM, updated 16y ago
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#1
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Senior Member
2,900 posts Joined: Dec 2004  
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I've been told by my lawyer that even though I am a first time buyer, i wont get the 50% stamp duty discount as i am buying a 2nd hand condo, not a new property. is that true? can anyone verify?
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May 10 2010, 10:59 AM
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#2
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Senior Member
2,900 posts Joined: Dec 2004
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QUOTE(leongal @ May 10 2010, 10:47 AM) you can, if the value of the condo is less than rm 250k but my lawyer said its only applicable for new property ? my property is 2nd hand and below 250k |
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May 10 2010, 12:31 PM
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#3
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Senior Member
2,900 posts Joined: Dec 2004
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QUOTE(walle @ May 10 2010, 11:40 AM) u can..i can confirm that..coz i jz did mine.. oh ok, then i need to confirm with my lawyer on this. thanks.i jz bought a serviced apartment subsale below 250k |
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May 10 2010, 02:01 PM
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#4
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Senior Member
2,900 posts Joined: Dec 2004
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QUOTE(leongal @ May 10 2010, 12:42 PM) ya me too...i bought sub sale n below rm250k I called up the HBA (House Buyer's Association), Mr Chang Kim Loong (The secretary general) says that I have to check with my lawyer whether I am entitled for the 50% discount or not. So I guess my lawyer could be right. Appears to have some condition other than being the 1st house buyer. |
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May 10 2010, 02:47 PM
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#5
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Senior Member
2,900 posts Joined: Dec 2004
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QUOTE(leongal @ May 10 2010, 02:45 PM) i read the tax book: hmm not so nice to ask other lawyer plus i dun know other lawyers1. one house per individual 2. applies to s&p signed between sept 2007 and dec 2010 3. purchase of houses not exceed rm 250,000 why not try ask another lawyer? |
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