MOT Calculation:

SPA amount- RM 650,000

1.) Stamp duty:
- 1st RM100k (1% x RM100k) = RM1,000
- Next RM400k (2% x RM400k) = RM8,000
- RM500k & above (3% x RM150k) = RM4,500

Total MOT Stamp Duty= RM13,500.00

2.) Legal Fee:
- 1st RM500k (1% x 500k) = RM5,000
- Next RM500k (0.8% x 150k) = RM1,200

Total MOT legal fee = RM6,200.00

Total MOT Cost = RM19,700.00

Izit correct above calculation?