Lawyers Corner, A one-stop centre on lawyers and queries
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 Jul 27 2011, 04:33 PM
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#1
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Junior Member
8 posts Joined: Jul 2011 
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Hi, need advcie here.
My parent is selling the house to the direct buyer (cash). - the buyer request us to use his lawyer, so we can save on this. he also mention we no need to submit the cukai form. - the buyer request us to state 50k in the S&P instead of 80k (selling price) due to his tax matter, and don't let the lawyer know. - the buyer will pay us the diff amount by bank cheque once we sign the S&P. Thank in advance. |
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Jul 27 2011, 08:47 PM
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#2
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Junior Member
8 posts Joined: Jul 2011
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QUOTE(dariofoo @ Jul 27 2011, 05:16 PM) He's wrong. Vendor has to submit CKHT 1A and CKHT3 to LHDN. Thanks dariofoo.To safeguard yourself, request that he pays it in either by cash or bank draft BEFORE or on the day of signing. Don't accept a cheque as it takes 3 working days to clear. If the SPA is signed and payment of the cheque is stopped, there is nothing to prove that the purchase price is RM30K. That's the precaution which can be taken.   Is it the house > 5 years no need to pay tax? For the cukai form, we should put 80k or 50k? Is there any problem if state 50k in the SPA instead of 80k? My friend's lawyer said that the gov will send people to survey and call for interview if the selling price too low. Thanks.  |
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Jul 28 2011, 10:39 AM
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#3
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Junior Member
8 posts Joined: Jul 2011
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clear now. thanks dariofoo
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Sep 30 2011, 07:07 PM
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#4
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Junior Member
8 posts Joined: Jul 2011
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hi dariofoo, i need to clarify something.
if i already rec'd full payment fm buyer(cash buyer) and all the doc already done, the process take 1 month only. is this mean that i need to give away the house key and leave the house immediately? |
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