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 Change of ownership of property, Between spouse

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Tavia88
post Aug 21 2015, 07:09 PM

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From: Kuala Lumpur- Klang Valley



QUOTE(Kain_Sicilian @ Aug 21 2015, 08:33 AM)
Hi, I would like to ask for some advice here regarding change of property ownership between spouses. I would like to transfer my property to my wife. Do I need a lawyer for that?? Will there be any duties and/or taxes incurred??

If a lawyer i required, may I know roughly how much are the legal fees involved in this??

Thanks in advance!!!
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Im a lawyer practising around KL. Fair advise from me. You can get it done without involving a lawyer. You must liaise with land office and also lhdn. But, if you're a first timer, then need to consider whether is the time and hectic you used is worth the legal fees for transfer. You can apply for stampduty waiver from lhdn since its between spouse. Legal fees is depends on the value of the property and also location of the property as difference land office charge difference rates for the MOT registration fees.

Hope this clarify some of yr thoughts.. tongue.gif
Tavia88
post Aug 23 2015, 03:57 PM

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QUOTE(forever1979 @ Aug 23 2015, 01:25 PM)
Hi lawyer, is it the exemption of stamp duty for transfer of house between husband and wife can treat as 'gift' ?

pls correct me if I am wrong.
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Yes, its free between spouse. Must provide your marriage certificate as prove.
Tavia88
post Sep 11 2015, 09:09 PM

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QUOTE(WaCKy-Angel @ Sep 11 2015, 05:01 PM)
Whats the price for everything done, say a landed property worth 600K market price? Location is Kuchai Lama.
Btw leasehold vs freehold would make any difference?
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Hi, costing for rm600k transfer between husband and wife is around rm4.5k to 6k depends on the location and status of title either free or leasehold. If leasehold slightly expensive as need to apply for consent.

 

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