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hanhanhan
post Jun 11 2018, 12:08 PM

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QUOTE(ace_halo @ Jun 10 2018, 01:11 PM)
Hi admin.
I would like to execute the MOT for my mother's town house, we purchased the property many years ago. Last month I received this letter , just wondering should I go straight to the address above or go to the S&P LAWYER ?

Besides, the property we purchased  many years ago cost 130k. How much fees consider reasonable for the MOT ?

Thank you in advance.
*
contact the MOT lawyer.

stamp duty is rm2,200, legal fees should be within 1k

this case may incur additional fees because developer has been liquidated and the liquidator usually will charge extra admin fee, storage fee etc.
Afterburner1.0
post Jun 11 2018, 12:12 PM

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QUOTE(hanhanhan @ Jun 11 2018, 12:06 PM)
yes it's reasonable..

if you initially purchase direct from developer, u can get additional 35% off the legal fee
*
I purchased directly from developer and this is the same legal firm used to sign my S&P. They told me alredi gave me 75% discount... so is it another 35% off on top of the 75% off?

This post has been edited by Afterburner1.0: Jun 11 2018, 12:12 PM
hanhanhan
post Jun 11 2018, 02:03 PM

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QUOTE(Afterburner1.0 @ Jun 11 2018, 12:12 PM)
I purchased directly from developer and this is the same legal firm used to sign my S&P. They told me alredi gave me 75% discount... so is it another 35% off on top of the 75% off?
*
u need to check the SPA whether it mentioned "SCHEDULE H HOUSING DEVELOPMENT ACT" (usually on 1st page).

if it does, then got additional 35%.
Afterburner1.0
post Jun 13 2018, 08:44 AM

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QUOTE(hanhanhan @ Jun 11 2018, 02:03 PM)
u need to check the SPA whether it mentioned "SCHEDULE H HOUSING DEVELOPMENT ACT" (usually on 1st page).

if it does, then got additional 35%.
*
Ok, ive checked my S&P and it does state "SCHEDULE H HOUSING DEVELOPMENT ACT" (on the 1st page as a Header).
May i know why with this sentence i am entitled to get additional 35% on top of the 75% offered by my S&P lawyers?

hanhanhan
post Jun 13 2018, 12:07 PM

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QUOTE(Afterburner1.0 @ Jun 13 2018, 08:44 AM)
Ok, ive checked my S&P and it does state  "SCHEDULE H HOUSING DEVELOPMENT ACT" (on the 1st page as a Header).
May i know why with this sentence i am entitled to get additional 35% on top of the 75% offered by my S&P lawyers?
*
for agreements made under the prescribed form in the HDA (housing development act), lawyer has to give extra discount if the SPA price:-

property below 250k = 25%
between 250-500k = 30%
above 500k = 35%
Afterburner1.0
post Jun 13 2018, 02:02 PM

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QUOTE(hanhanhan @ Jun 13 2018, 12:07 PM)
for agreements made under the prescribed form in the HDA (housing development act), lawyer has to give extra discount if the SPA price:-

property below 250k = 25%
between 250-500k = 30%
above 500k = 35%
*
so my solicitor fees now is RM1254 less 35%= RM815
or that RM1254 is alredi discounted?

hanhanhan
post Jun 13 2018, 02:23 PM

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QUOTE(Afterburner1.0 @ Jun 13 2018, 02:02 PM)
so my solicitor fees now is RM1254 less 35%= RM815
or that RM1254 is alredi discounted?
*
815 is after 35% + 75%
Afterburner1.0
post Jun 13 2018, 02:50 PM

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QUOTE(hanhanhan @ Jun 13 2018, 02:23 PM)
815 is after 35% + 75%
*
yup.
Afterburner1.0
post Jun 13 2018, 04:43 PM

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QUOTE(hanhanhan @ Jun 13 2018, 12:07 PM)
for agreements made under the prescribed form in the HDA (housing development act), lawyer has to give extra discount if the SPA price:-

property below 250k = 25%
between 250-500k = 30%
above 500k = 35%
*
Just got some clarification from my lawyer, the 35% u mentioned is for the loan is it? Which is normally bear by the developer upon signing of S&P.
I've also done my Receipt & Reassignment 2 yrs back and now just want to do MOT, Hence the below is just for MOT.
Hence, i hope the fees charge is reasonable.....


Just got a quote from my same S&P lawyer to settle my freehold condo MOT:

Purchase Price: RM502K

Solicitor fees: RM1250 (apparently alredi gave me 75% discount)

Land Search fees: RM30
Registration fees on MOT: RM400
Travelling Expenses: RM200
Misc: RM100

Stamp Duty on MOT: RM9060

TOTAL: RM11,044
hanhanhan
post Jun 13 2018, 04:57 PM

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QUOTE(Afterburner1.0 @ Jun 13 2018, 04:43 PM)
Just got some clarification from my lawyer, the 35% u mentioned is for the loan is it? Which is normally bear by the developer upon signing of S&P.
I've also done my Receipt & Reassignment 2 yrs back and now just want to do MOT, Hence the below is just for MOT.
Hence, i hope the fees charge is reasonable.....
Just got a quote from my same S&P lawyer to settle my freehold condo MOT:

Purchase Price: RM502K

Solicitor fees: RM1250 (apparently alredi gave me 75% discount)

Land Search fees: RM30
Registration fees on MOT: RM400
Travelling Expenses: RM200
Misc: RM100

Stamp Duty on MOT: RM9060

TOTAL: RM11,044
*
if im not mistaken there is actually another 35% for HDA discount on MOT. refer to pg 7 for the SRO amendment order.

otherwise, the charges are fairly standard.




Attached File(s)
Attached File  pua_20170302_P.U.__A__67_2017.pdf ( 406.33k ) Number of downloads: 113
Afterburner1.0
post Jun 13 2018, 05:05 PM

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QUOTE(hanhanhan @ Jun 13 2018, 04:57 PM)
if im not mistaken there is actually another 35% for HDA discount on MOT. refer to pg 7 for the SRO amendment order.

otherwise, the charges are fairly standard.
*
ok, maybe there are others here can re-confirm....
Eric589
post Jul 14 2018, 04:16 PM

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Hi all,

Got some confuse with the MOT

1. According to the new strata law,
MOT should be paid before VP or can drag few months after VP yeah?

2. If Dint pay still can get the key, may I know any consequences if dint pay.


Thanks yeah!
hanhanhan
post Jul 15 2018, 09:04 AM

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QUOTE(Eric589 @ Jul 14 2018, 04:16 PM)
Hi all,

Got some confuse with the MOT

1. According to the new strata law,
MOT should be paid before VP or can drag few months after VP yeah?

2. If Dint pay still can get the key, may I know any consequences if dint pay.
Thanks yeah!
*
theoretically the strata title should be ready by the time VP is handed over because schedule of parcels ('strata plans') has to be filed by the developer to the authorities before they can start selling the property to others - this is an effort by govt to expedite the issuance of strata title by 'forcing' developers to do this at the beginning stage as opposed to the end-stage (VP stage) as was the case before approx 2016-2017.

however for ur question:-

1. practically you can still drag for few months. the law states that you need to transfer the title to your name within 30 days from the date of issuance of strata title, failing which there will be a fine. however we have not seen anyone being fined by authorities (except some developers who will charge you strata title storage fees) for delaying the transfer of title to their name.

2. the fine. and other consequences are if you drag too long until developer winds up / liquidated, you'll have a tough time to transfer the title later (longer process + cost more to go through liquidator / insolvency department)
JeffreyYeoh
post Jul 17 2018, 10:46 AM

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QUOTE(hanhanhan @ Apr 17 2018, 01:16 PM)
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as long spa price is above rm500k then ur unable to use that waiver.

doesnt matter if u count 'your' portion is 300k.

they look at the total SPA price.
*
hi Sifu,

Want to ask, i recently went to a show unit and was told by the SA that i'm still eligible for this MOT waiver even i had a first house 4 years ago with SPA price rm590k.
The reason given was that i'm eligible because this waiver was announced after my first house purchase and everyone is entitle to utilize it ONCE if after this budget announced. If SPA price falls into their category of course.

Is this true?

Also, if a member of family bought a unit that is eligible for this MOT waiver, how can they apply for this?
hanhanhan
post Jul 17 2018, 11:08 AM

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QUOTE(JeffreyYeoh @ Jul 17 2018, 10:46 AM)
hi Sifu,

Want to ask, i recently went to a show unit and was told by the SA that i'm still eligible for this MOT waiver even i had a first house 4 years ago with SPA price rm590k.
The reason given was that i'm eligible because this waiver was announced after my first house purchase and everyone is entitle to utilize it ONCE if after this budget announced. If SPA price falls into their category of course.

Is this true?

Also, if a member of family bought a unit that is eligible for this MOT waiver, how can they apply for this?
*
unlikely will be entitled to.

if LHDN check then they will say cannot get waiver. if however u are young (maybe IC starting with 80-90) they might not check their system and u may get it.

however if u want to know strictly legally, then you're not entitled.

the surat akuan that you're required to sign states that "tidak pernah memiliki" which means even if you bought a house 10 years ago and subsequently sold it - also not entitled.

Basically to apply for this waiver u need to tell ur lawyer. they will prepare a surat akuan for u to sign and will submit it together to stamp office during stamping.
JeffreyYeoh
post Jul 17 2018, 11:46 AM

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QUOTE(hanhanhan @ Jul 17 2018, 11:08 AM)
unlikely will be entitled to.

if LHDN check then they will say cannot get waiver. if however u are young (maybe IC starting with 80-90) they might not check their system and u may get it.

however if u want to know strictly legally, then you're not entitled.

the surat akuan that you're required to sign states that "tidak pernah memiliki" which means even if you bought a house 10 years ago and subsequently sold it - also not entitled.

Basically to apply for this waiver u need to tell ur lawyer. they will prepare a surat akuan for u to sign and will submit it together to stamp office during stamping.
*
thank you sifu.


I'm kiamsiap, if can save try save lo. But i also don't want to illegally and knowingly under declare.
i asked because the statement "Value of instruments of transfer and loan agreement for the purchase of first home" & "Between RM300,001 and RM500,000" also like suggesting eligibility if your first home between 300k to 500k.Hehe.

UPDATES ON STAMP DUTY MALAYSIA FOR YEAR 2018

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hanhanhan
post Jul 17 2018, 02:52 PM

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basically if ur house is below 300k, then no stamp duty payable

if ur house is in the next bracket, stamp duty incurred on the first 300k (means RM1,500-00 on loan stamp duty and RM5,000-00 on MOT stamp duty) no need to pay
realitec
post Jul 17 2018, 05:06 PM

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Hi All,
RM363k double storey terrace, what is the MOT price in this case? This is my first house ie. my name alone in SNP.
Loan = Me + my Mom
SnP = Me
Undercon property, expected to done in 2020.
Appreciate your advise.

This post has been edited by realitec: Jul 17 2018, 10:50 PM
hanhanhan
post Jul 17 2018, 11:50 PM

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QUOTE(realitec @ Jul 17 2018, 05:06 PM)
Hi All,
RM363k double storey terrace, what is the MOT price in this case? This is my first house ie. my name alone in SNP.
Loan = Me + my Mom
SnP = Me
Undercon property, expected to done in 2020.
Appreciate your advise.
*
MOT price would be RM1,260
realitec
post Jul 18 2018, 08:45 AM

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QUOTE(hanhanhan @ Jul 17 2018, 11:50 PM)
MOT price would be RM1,260
*
Thanks for your prompt reply. Will prepare around 2k in case got further charges.

Do you mind if I ask for my friend?
Double Storey Terrace, RM295k. How much is the MOT? First purchase too.

This post has been edited by realitec: Jul 18 2018, 08:52 AM

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