1) 2% deposit will be withheld by the purchaser's solicitor to be remitted to LHDN unless you fill up Form CKHT 3 and select one of the exceptions
i) you have owned the property for a period of 5 years and above;
ii) you are applying for a total exemption of CKHT (one exemption in your lifetime is allowed);
iii) you are selling at a loss; OR
iv) you are disposing off the property as a gift without any consideration.

2) See above.

3) It will be withheld from the balance deposit - so assuming that the balance deposit is 8%, you will only receive 6%.

4) Basically the 2% is paid to LHDN, unless you fill up CKHT3 above, and you would also have to fill up Form CKHT1A to be submitted together.

Form CKHT1A will detail your expenditure for the property - renovations, legal fees, etc. So the 5% is nett gain (after deducting legal fees, reno,etc) and not the rough gain.

If there is any excess from the 2%, LHDN will reimburse you that excess sum later on.

Hope that clarifies things.

Ok lor taiko. Surviving la in this dog-eat-dog world 
1) Go see a lawyer and he will liase with the purchaser's lawyer to draw up an S&P for you. Doesn't matter whether property still under construction or otherwise. You can 'tumpang' the purchaser's lawyer as well.

As to the pros and cons of 'tumpang lawyer' and selecting your own lawyer, read the earlier posts in this thread as the issue has been discussed at length. 

2) Doesn't matter. There's the Deed of Assignment (DOA) which needs to be reassigned to you once your loan has been redeemed. Then you assign it to the purchaser via a new DOA.

Bear in mind that you may be subject to a early settlement penalty by the bank. Make sure you figure out how much that cost as well. Plus RPGT/CKHT as you are disposing off the property within 5 years of purchase 

Do the math first ya 

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Added on February 15, 2011, 6:28 pmBy the way, POSM means Point of Sale Materials, eg leaflets, advertisements, pamphlets, brochures, miniature model of development project,etc.