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 Lawyers Corner, A one-stop centre on lawyers and queries

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me_mbh
post May 26 2011, 06:27 AM

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From: KL
hi there,

unsure if i've gt the right place but i wish to ask the lawyers here.

currently i am a malaysian but working oversea. i had already declared a Cp21 leaver in my income tax for malaysia. however, i had the intention of buying property back here in malaysia.

my query is; is there any deviation from the usual procedure? i.e. do i need to pay for the RPGT ( or able to get an exemption) and for the CKHT form 2; any problem since my income tax is considered as not active since already declare to left malaysia?

Is there any others info that i need to take note? btw, this is my first prop in here.

Thanks in advance for the heads up
me_mbh
post May 26 2011, 01:20 PM

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From: KL
QUOTE(dariofoo @ May 26 2011, 11:26 AM)

Being a foreigner, you may need to obtain the consent of the FIC before you can purchase any property. When you appoint a lawyer to handle your SPA, he can advise you further on the rigmarole of same.  nod.gif

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Hi Dario,

thanks lot for the reply smile.gif

however; one of ur remark puzzles me. "Being a foreigner". Is my status now considered a foreigner since i am working oversea and not contributing to malaysia's taxation? rclxub.gif
me_mbh
post May 26 2011, 11:54 PM

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From: KL
QUOTE(dariofoo @ May 26 2011, 02:25 PM)
Alamak sorry my dear friend!  doh.gif

I read through your post too fast and I didn't realised that you stated that you're a Malaysian! Humble apologies and no offence meant.  notworthy.gif

No need FIC consent. You're good to go!  laugh.gif
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thanks lot bro thumbup.gif
me_mbh
post Aug 14 2011, 06:24 PM

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From: KL
Hi dariofoo,

wish to trouble you again.

understand that bankers usually source for their panel lawyers to prepare the loan agreement. for this, can we request the banker to nominate another one of their panel lawyers or request for "discount" if the fees are deemed too high?

thanks first smile.gif
me_mbh
post Aug 15 2011, 03:40 PM

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Joined: Apr 2007
From: KL
QUOTE(dariofoo @ Aug 15 2011, 12:17 PM)
If you deem that the fees are too high you can:
1) Write to Bar Council to complain and insist that the lawyer be paid only peanuts; and
2) Do the loan documentation on your own.

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you must be kidding right biggrin.gif

reason i ask is noticed that the cost for my bank loan fees are much higher than my SnP fees. now trying to work this out with the relevant banker. sweat.gif

btw, thanks 2



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