Hi DariaFoo,
My father wants to transfer the house to me. It is a landed properly, fully paid with title in hand.
Would you be able to advise what should I do?
Thx
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Sep 20 2011, 02:00 PM
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Senior Member
1,109 posts Joined: Mar 2007 |
Hi DariaFoo,
My father wants to transfer the house to me. It is a landed properly, fully paid with title in hand. Would you be able to advise what should I do? Thx |
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Sep 21 2011, 11:26 AM
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QUOTE(dariofoo @ Sep 20 2011, 08:20 PM) You need to appoint a lawyer who will prepare a simple letter confirming the intent to transfer with love and affection as consideration. Then the MOT will be submitted for adjudication of stamp duty. Thank you so much for that advise. Just one quick question, do i need to know the market value of the house? and any idea what are the estimated charges for Lawyer fee?There won't be any stamp duty as it is a transfer with love and affection as consideration. Once transferred, a new title will be issued. Quite straightforward. Thx once again |
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Oct 13 2011, 02:09 PM
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Hi Dario,
Finally i have the current market value for my dad's house : - Current Market Value : RM900k - Fully paid with Title in hand Would like to do the transfer to my name from my dad, understood there are 2 methods :- 1) Appoint a lawyer - Can advise roughly what is the cost that I shd be expecting pls 2) Do it myself at Land Office, etc - can you advise what are the steps? Thanks a lot ----------------------- This post has been edited by coconutzz: Oct 13 2011, 03:50 PM |
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