Welcome Guest ( Log In | Register )

Bump Topic Add Reply RSS Feed

Outline · [ Standard ] · Linear+

 About MOC/MOT

views
     
Mr.World Weary
post Aug 30 2018, 04:10 PM

Mysterio
****
Junior Member
626 posts

Joined: Dec 2012
QUOTE(hanhanhan @ Apr 5 2018, 10:52 AM)
» Click to show Spoiler - click again to hide... «


purely just to transfer title to ur name (no SPA / no change in ownership)
use same lawyer who did ur SPA = legal fee 75% discount
use other lawyer = 50% discount

u haven't include ur disbursements which could be between rm500-1k+ depend on which land office/area.
*
Hi, Great info there.

Just want to get clearer info, what is the component for the whole MOT? (no changes in ownership)

Legal fee + stamp duty + disbursements?

Do owners need to renew the SPA, from Master title to strata? (not sure whether this is applicable or else this will be additional cost for property owners.)
Mr.World Weary
post Oct 12 2018, 05:24 PM

Mysterio
****
Junior Member
626 posts

Joined: Dec 2012
QUOTE(shaniandras2787 @ Feb 25 2016, 06:22 PM)
Whether a property is a leasehold or freehold has no bearing on the stamp duty payable on the Sale and Purchase Agreement or the Deed of Assignment. It may affect however the legal fees and registration fees.

If you are purchasing a property under master title through sub-sale transaction then upon issuance of the individual document of title to the Property, you are only required to pay a nominal fee of RM10.00 only. Your solicitors will know how to obtain the stamped original Deed of Assignment from your financier for endorsement of the then Memorandum of Transfer.
*
Hi there, smile.gif

do you mean that in this situation, the DOA is not applicable?

Let say currently a (Joint) property which is still master title, Owner A gonna buy over the other 50% share of owner B, (not selling to other individuals)

In this case, which should be treated as a sub-sale transaction, a new SPA need to be processed with only one Owner/ one name, which of course the SPA will consist of: Legal fee + Disbursements + Stamp duty on Deed of assignment

So now, do the same owner, Owner A need to pay for the DOA or just the nominal fee of RM10?


Mr.World Weary
post Oct 15 2018, 04:40 PM

Mysterio
****
Junior Member
626 posts

Joined: Dec 2012
Awesome!

Thanks for the response and detailed info guys.


thumbup.gif
thumbup.gif

Mr.World Weary
post Jan 30 2019, 10:40 AM

Mysterio
****
Junior Member
626 posts

Joined: Dec 2012
QUOTE(Cgang91 @ Jan 29 2019, 08:35 PM)
So mean when doing MOT, only stamp duty is waived, but still have to pay the legal fees n disbursements? 🤔
*
yeah man, that's a necessary cost to purchase a property, stamp duty itself occupied 60% (+-) out of total SPA charges, so if it is confirmed that you are entitled to the waiver, you are very lucky already since you can save a lot of your money.
« Next Oldest · Property Q&A · Next Newest »
 

Add ReplyOptions
 

Change to:
| Lo-Fi Version
 0.0184sec    0.67    7 queries    GZIP Disabled
Time is now: 25th November 2025 - 09:43 PM
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Removal Request
Powered by Invision Power Board © 2025  IPS, Inc.