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TTW
post Sep 18 2017, 05:13 PM

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Joined: Jul 2007


Hi All

Want to use this thread to ask question realted to MOT .

I bought a condo from developer and MOT is not absorb by Developer .

The developer priced it at ~RM808K but gave 18% discount , so the condo was bought @RM660k . The SPA stated RM808K . The condo actual market value should be around the selling price of RM660k .

1) In this case , the MOT will be based on the SPA sale price ?
2) If #1 is yes , it is possible that we can appeal ?

Thanks for the help in advance .

TTW
post Sep 19 2017, 02:00 PM

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Joined: Jul 2007


QUOTE(nookie188 @ Sep 19 2017, 10:39 AM)
Yes based on SPA price...
and no, cannot appeal ..(pls do ask lawyer for confirmation)
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Hi

Thanks . I guess this should be the case .
Will check with the lawyer when receive notice to pay the MOT .

 

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