This tered had been very informative for me. I want to ask on this;
"tell your solicitor that you will settle the stamp duty payable only upon the the assessment notice has been extracted. Ask them to show you the stamp duty payable printed on the assessment notice first before you pay them."

The comment was put up in earlier pages but Im wonder if this still applicable? The lawyer doing the MOT is from developer and so far their service attitude is more like an unnecessary obligation rather than welcoming my business. Can they refuse if I ask them so?

Stamp duty calculation are transparent if the purchase is subject to a payment prior to a transfer.

Buy a bank draft for the amount in favour of LHDN.

I see. The thing is, the lawyer quote me lump sum with Stamp duty included in their quotation. So Im not sure if I can pay partially the lawyer fees & whatnot, and then the stamp duty. Never done paying an invoice partially half-half tho.

But let's say I have made the full payment, can I request them for LHDN receipt on that duty? And say if its under the lawyer estimation, can I request refund for the difference or the lawyer will just makan and say "sorry you ady paid, no refunds"?

Ask him for an invoice to show the breakdown. Is your right to know what you are paying.

No such thing as verbal lump sum payment.

Lawyer bill can nego for partial but mot have to pay full.

And every payment has a receipt and you can request for a copy. The only problem might be the payment for different client in one receipt

Right now they quote me sum of RM 11,800+ of which Rm9,438 is stamp duty alone so that big chunk is what am doubtful the final figure.



Sorry, am a bit paranoid as this is my first property experience and handing over 12k just like that is quite nervous for me. Haha

If your SnP is around 510k, the mot fig is around that figure.

Ohh.. I see I see... Thanks for reassuring me.

any experience or expert

first time residential home buyer eligible for stamp duty waiver(MOT) for only price/value 500k?

if my spa is 650k immediately I am not eligible for single cent waiver?

MOT is not based on SnP price but the valuation price by govt, whichever is higher.

If SnP is 480k but govt valuation is 530k, then no waiver.

This post has been edited by mini orchard: Mar 23 2022, 10:12 AM

the lawyer only gave me 30% discount on the legal fee, do u guys think it is way too much for a 470k house? any lawyer to recommend?

If 30% is too much, then ask for 20% or 10%.

No I mean after discount still come to around 7k do u think is too expensive for the charges?

30% is good rate. Disbursements no discount.

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This post has been edited by mushigen: Apr 20 2022, 03:13 PM

Hi for a property of 350k i was quoted 1750 for legal fees. That is 50% of s&p fees. All the miscelleanous like telephone fax etc will be another 700.

I find this on the high side. Am using back the same lawyer as s&p. Wondering whether this is correct for year 2022

My friend used a diff lawyer and got a 25% for legal fees.

Engage his lawyer.

are u doing MOT?

if ur doing MOT then if use back same S&P lawyer they have to give 75% discount based under the law

Hi apologies if this question has been asked before. LHDN sent a letter requesting for payment of the MOT stamp duty and I notice that the market value stated in the letter is different (higher) than the market value assessed by the property appraiser. Is this normal?

Yes.

Private appraiser valuation can be subjected to 'manipulation' and so is SnP price.

One can buy a property 'below market price' for various reasons but for mot payment, govt valuation overrides all prices.

However, if buyer buys above market price, that price will be use for mot calculation.

Meaning ... mot payment is SnP price or govt valuation, whichever is higher.

Private valuation is for bank loan purpose and nothing related to mot. Is for the bank to assess the risk on the % of loan to be approved

This post has been edited by mini orchard: May 26 2022, 07:42 AM

Thank you for the explanation, really appreciate it.