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 Stamp Duty (Remission) (No.3) Order 2010, 50% off stamp duty for MOT/DOA & LoanDoc

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echoesian
post May 4 2012, 11:08 PM

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QUOTE(dariofoo @ Apr 15 2011, 03:57 PM)
Got individual title or not at the moment? If got individual title only does the stamp duty apply, since you're buying from developer.

If not, when the title is out later and the MOT is sent for adjudication, your lawyer would indicate to LHDN for the 50% rebate on the stamp duty on the MOT.

For the time being, you would be entitled to 50% rebate on the ad valorem stamp duty on the facilities agreement.

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How do we claim the 50% rebate? I have already signed the offer letter but have yet to sign the loan agreement letter.
echoesian
post May 7 2012, 11:58 AM

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QUOTE(dariofoo @ May 7 2012, 11:46 AM)
It is applied automatically. So, you only need to pay 50% of the stamp duty, not in full.  icon_rolleyes.gif
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I have not sign the SPA, how do they know the date of the SPA and whether the property is my first home?

 

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