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 [WTA] Name Transfer

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jason1986
post Jul 3 2015, 07:21 PM

On my way
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Senior Member
695 posts

Joined: Apr 2010


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.

This post has been edited by jason1986: Jul 3 2015, 07:23 PM

 

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