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 Lawyer's Corner v2, One-stop centre for any legal queries

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itanium2
post Dec 4 2012, 04:34 PM

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Hi Dario,

Appreciate your reply regarding below query:

1. For a subsale leasehold condo with Master title, the S&P lawyer has included the stamp duty for Transfer or Deed of Assignment.
Isn't the stamp duty payable only when the strata title is out?
If I pay now, what happens if I sell the condo later when the strata title is still not out yet?
Does it mean the money I've paid for the stamp duty is wasted?

2. For a subsale leasehold condo with Master title, who pays for the application for state consent?
Buyer or Vendor? Vendor did not appoint any lawyer.

Thank you!
itanium2
post Dec 7 2012, 11:36 AM

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QUOTE(dariofoo @ Dec 5 2012, 11:47 PM)
1.you pay full stamp duty now for the deed of assignment. When the title is out, you only pay nominal sum of RM10 upon the MOT. There is no double stamp duty.

2.vendor bears the cost.

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Many thanks Dario.

One more question - I was told for the state consent in KL, there are 2 types - consent to transfer (fees paid by vendor) and consent to charge (fees paid by buyer). Is this correct?
itanium2
post Dec 10 2012, 11:34 PM

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Hi Dario,

I was told effective Jan 2012, a sub sale leasehold condo with master title no longer require state consent.
State consent is only required if the condo has a strata title. Is this true?

Thanks.
itanium2
post Dec 12 2012, 11:27 AM

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QUOTE(dariofoo @ Dec 11 2012, 12:01 PM)
Which State?
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Hi Dario, this is in KL. Thanks!
itanium2
post Dec 14 2012, 12:27 PM

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QUOTE(itanium2 @ Dec 10 2012, 11:34 PM)
Hi Dario,

I was told effective Jan 2012, a sub sale leasehold condo with master title no longer require state consent.
State consent is only required if the condo has a strata title. Is this true?

Thanks.
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Hi Dario, you missed my question. smile.gif
Just to add the condo is in K.L.
Thanks.

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