Is it possible to DIY name transfer from parents to child?
If yes, whats the procedure and fees involved?
If no, how much is the legal fees if need lawyer?
[WTA] Name Transfer
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 Jul 3 2015, 06:39 PM, updated 11y ago
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#1
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All Stars
21,961 posts Joined: Dec 2004 From: KL   
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Jul 3 2015, 08:42 PM
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#2
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All Stars
21,961 posts Joined: Dec 2004 From: KL
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Okay, lets say if i want ro DIY, anyone know the steps?
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Jul 8 2015, 05:13 PM
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#3
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All Stars
21,961 posts Joined: Dec 2004 From: KL
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QUOTE(jason1986 @ Jul 3 2015, 07:21 PM) Everything is possible, but highly advisable to get a lawyer as there are many steps to be taken. It is not so simple. Legal fees - will be based on value of property (will probably bill based on estimate and later on adjusted based on valuation by JPPH when transfer is submitted for adjudication). Stamp Duty - will be based on valuation by JPPH. For parents to children, there will be a stamp duty remittance of 50%. Will need to provide birth certificate for your lawyer to submit to LHDN for adjudication. Legal fee and stamp duty calculator - http://www.elawyer.com.my/legal_calculator_info.php If there is a restriction in interest, your lawyer will need to apply for state consent as well if title is issued. If there is an existing loan, i.e. property is still charged/assigned to a financial institution, it will have to be redeemed first as well.  QUOTE(Alvinyeo @ Jul 8 2015, 03:07 PM) lawyers know the step. So lets say the property market price is 600K, how much would i need to pay for everything?But best to avoid headache and pay some fees to get the job done. estimation? |
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