Stamp Duty (Remission) (No.3) Order 2010, 50% off stamp duty for MOT/DOA & LoanDoc
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 May 7 2012, 11:46 AM
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#21
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Elite
2,795 posts Joined: Aug 2010 From: District 9  
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QUOTE(echoesian @ May 4 2012, 11:08 PM) How do we claim the 50% rebate? I have already signed the offer letter but have yet to sign the loan agreement letter. It is applied automatically. So, you only need to pay 50% of the stamp duty, not in full.   |
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May 7 2012, 04:40 PM
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#22
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Elite
2,795 posts Joined: Aug 2010 From: District 9
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QUOTE(echoesian @ May 7 2012, 11:58 AM) I have not sign the SPA, how do they know the date of the SPA and whether the property is my first home? When you send in the documents for stamping of course it will be dated. As to whether the property is your first home, you would sign an SD to state so. If they do find out later and discover that you have executed a false SD, then it is a criminal offence which you can be prosecuted against. |
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Jul 29 2012, 10:56 PM
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#23
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Elite
2,795 posts Joined: Aug 2010 From: District 9
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QUOTE(saiaha @ Jul 24 2012, 12:02 PM) Hi dariofoo, I'm in the process of signing an offer letter to buy a property <RM350k. I'm wondering if I should put two names (my wife and I) or just 1 name (either) on the SPA. Would I be able to get the 50% discount twice (on another property) if I put one name on the SPA or does it not matter? Can only obtain the rebate once. Even if you've purchased only half share, it still counts as a purchase. |
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Jul 29 2012, 10:58 PM
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#24
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Elite
2,795 posts Joined: Aug 2010 From: District 9
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QUOTE(steventan85 @ Jul 24 2012, 01:56 PM) recently i booked a property with my gf.... It would be 50% of her half-shre, i.e. 4000/2 x 50%.this is my 2nd property , but 1st property for my gf. both name in SPA and loan agreement . is she still eligible for the 50% stamp duty rebate ? lets say RM4000 for stamp duty , is it 50% of 4000 or (4000/2 * 50% ) ? Thanks |
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Jul 29 2012, 11:34 PM
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#25
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Elite
2,795 posts Joined: Aug 2010 From: District 9
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QUOTE(keane04 @ Jul 29 2012, 11:12 PM) Just to double confirm. What is the price of the property? If it is below RM250k then you would be entitled to 50% rebate under the remission order issued in 2008 which applies to acquisitions between 8 Sept 2007 - 31Dec 2010.If my apartment spa executed in 2009, and mot execute this year. I am not entitled for the 50% rebate, rite ? Do i qualify for any other rebate ? This is my first property i am talking about. This post has been edited by dariofoo: Jul 29 2012, 11:45 PM |
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Jul 30 2012, 10:36 AM
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#26
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Elite
2,795 posts Joined: Aug 2010 From: District 9
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QUOTE(keane04 @ Jul 30 2012, 01:32 AM) Mine is joint buyer at feb 2007 den in 2009, i bot the other half from my joint buyer and did refinance wif zec. Property price is 160k. Was there a transfer by way of assignment back then? If so, you would've paid full stamp duty upon the MOT and obtained the rebate there and then itself. Now for your MOT, stamping would only be RM10.I remember i did get some discount then but i cant recall. I need to execute mot soon, do i get the discount ? |
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