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 About MOC/MOT

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TSphysz.86
post Jan 12 2016, 10:10 PM, updated 10y ago

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Recently I made booking for house. In my booking receipt it mentioned below statement:

S&P legal fees & stamp duty borne by developer
MOC legal fees & stamp duty borne by developer
MOT legal fees & stamp duty borne by purchaser

I'm quite blur what is different between moc & mot? As nothing much i can find about these 2 things.
Is it moc is referring to bank loan fees?
TSphysz.86
post Jan 13 2016, 06:31 AM

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QUOTE(Jasoncat @ Jan 12 2016, 10:33 PM)
Stamp dutt on S&P is just a nominal RM10/- per copy of the stamped document.
MOT is calculated on tier basis based on the property purchase price, ie 1% for the 1st RM100k, 2% for the next RM400k and 3% for RM500k onwards.
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How about MOC? How it is calculated?

 

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