Hi all,

I bought a condo with SPA price 559,830..

1 - how to calculate my MOT? Can anyone confirm my calculation here?

(MOC im not sure, because solicitor didnt mentioned any about MOC, just mentioned i need to pay MOT. Or you guys think its a must for MOC?

so my calculation for MOT,

SPA - Rm 559,830

Stamp duty:
- 1st 100k (1% x 100k) = Rm1,000
- next 400k (2% x 400k) = Rm8,000
- 500k & above (3% x 59,830) = Rm1,795

Total = Rm10,795

Legal Fee:
- 1st 500k = (1% x 500k) = Rm5,000
- next 500k = (0.8% x 59,830) = Rm479

Total = Rm1,369 (Rm5,479 x 25%) if use same lawyer

So total i need to pay for MOT is = Rm12,165 (Rm10,795 + Rm1,369)

Am i calculating it correctly? Need sifus to endorse my calculation..

Plus, in my case, this is my first house. Am i eligible for 50% discount MOT? Huhu..

This post has been edited by Meta91: Oct 27 2017, 09:05 PM