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 Jul 31 2011, 10:30 AM
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#1
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Junior Member
195 posts Joined: Jul 2010 
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In my case, I have 2 properties, sold 1st property last year.
2nd property, I'm staying, bought in 2006 for RM 270k, now strata title out and I need to execute MOT and doing refinancing at the same time at higher price RM 400K. Questions: Since I have only one property now, MOT is executed within allowed period, and original purchase price is lower than RM 350K, do I qualify? |
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Aug 1 2011, 09:06 AM
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#2
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Junior Member
195 posts Joined: Jul 2010
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Regarding 50% stamp duty, I checked the link to stamp duty, there is no similar situation, question:
In my case, I have 2 properties, sold 1st property last year. 2nd property, I'm staying, bought in 2006 for RM 270k, now strata title out and I need to execute MOT and doing refinancing at the same time at higher price RM 400K. Since I have only one property now, MOT is executed within allowed period, and ORIGINAL purchase price is lower than RM 350K, do I qualify? |
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Aug 2 2011, 10:58 PM
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#3
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Junior Member
195 posts Joined: Jul 2010
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QUOTE(dariofoo @ Aug 1 2011, 11:10 AM) Bro, Sorry. Didn't see your post before. Thanks a lot. Cheers.I have answered your question yesterday. But it's ok, I'll make it clearer for you. Clause 5 which I had explained in that topic on Stamp Duty clearly states: 5.The Sale & Purchase Agreement is executed on/after 01.01.2011 but on/before 31.12.2012 LHDN does not look at date of MOT. It is date of SPA which matters. So, you will not qualify for the rebate. Sorry,mate.   |
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