Good morning to all,

I would like to ask if my SPA sign in mth of Feb 2011, purchase price in SPA is RM350,000, 1st home buyer . Do I qualify for the 50% stamp duty exemption on SPA & loan agreement?

Thank you.

Good morning Dario,


Pls advise on below loan agreement legal charges for new a freehold terrace house (under con) from developer. Is the fees reasonable?

Can I get 50% exemption on stamp duty ? I am the 1st home purchaser? tq.

Loan amt : RM 261,032

PROFESSIONAL FEES for facilitating the
security documentations, attending to the signing of the
documents, for liasing with various parties for the disbursement of
the loan sum for all other attendances and correspondances 2,277.22


Deed of Assignment 227.72
Power of Attorney 227.72

6% Govt. Tax 163.96
2,896.62
DISBURSEMENTS

Stamp Duty Original Facilities Agreement 1,310.00

Stamping Fees Facilities Agreement (3 copies) 30.00
Deed of Assignment (4 copies) 40.00
Power of Attorney (4 copies) 40.00
Letter of offer 10.00
Statutory Declaration 10.00

Filing fees Power of Attorney 40.00

Official Search Bankruptcy / winding-up 30.00
Land title search 30.00

Attestation fees 20.00
Purchase of Loan Documents 150.00
Courier, stationery, postage, telephone 80.00
Transport 50.00
Miscellaneous 50.00
1,890.00
Total chg 4,786.62

This post has been edited by macong: Apr 4 2011, 10:53 AM

Oh. It is not SPA lawyer. Banker insist on panel lawyer. That means I have to pay the bankrupt fee by using diff lawyer? Thx.

There is no free SPA legal free fr. developer .

For the rebate thing. Did you mean 50% rebate on stamp duty on loan facilities agreement, which is 0.5% fixed on loan one? I checked with the loan lawyer, they said have to come back to me on this.

There is no individual title yet.

Base on your link, there is no stamp duty exemption on loan agreement, but I read in tax budget booklet 2011 stated there is 50% rebate of stamp duty on SPA & loan agreement, is the Stamp Duty (Remission) (No.3) Order 2010 you mentioned in the link supersede the loan agreement stated in the budget 2011?

The loan lawyer call me this evening confirmed that there is 50% rebate on the stamp duty. Now, I am blur blur

One noob question:-

Is there any kind of stamp duty on "MOT/DOA" fees will chg later in loan agreement when there is a transfer of master title to individual title? like the Stamp duty on MOT will be paid later (told by SPA lawyer when I signed the SPA). Thx.

Thanks a lot Jaemmae & Dario.

I got discount on the loan legal fees and the 50% rebate to the stamp duty thing. The lawyer told me the total sum to pay is around RM2,600 (Original is 4,787) . I have calculated myself, but cant get the figure out .


For the SPA, did you mean I have to pay another round legal fees to SPA & bank lawyer for charge of 16A, in future? Thx.

Hi Dariofoo,

My loan document has just completed the bank lawyer staff called me up saying that they have calculated the fees wrongly and they want to charge me another RM700 as disbursements before they deliver the document to me. I am really surprised to hear that. How to deal with this ? It is a normal practice for lawyer to do that? What should I do? To whom should I make a complaint to? Pls advise. tqvm.

Dear Dario,

Recently company bought a auction unit (commercial shop) and lawyer appointed. May I know who is responsible to find out latest assessment bill outstanding. Vendor's lawyer? Purchaser's lawyer? or Developer?.