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theproblemkid
post Feb 25 2016, 06:08 PM

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I hope its ok to use this thread for a query...

If I buy a leasehold subsale which is under Master title, I would have to pay how many stamp duties? S&P and DoA?

Once the properly is ready for strata, do I need to pay another round of tiered stamp duty for MOT?
theproblemkid
post Feb 26 2016, 11:09 AM

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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.
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Hi shaniandras2787...Thank you very much for the reply....I guess I should have been a lil more clearer...I was charged the stamp duty on DoA which came up to a few thousands so I was wondering if I have to pay a few more thousand later on once the strata title is issued....If I understand your reply correctly, this would mean I only need to pay the RM10 and some lawyer fees for me to get my strata in the future...Thats a huge burden off my back smile.gif

Thanks!
theproblemkid
post Feb 29 2016, 03:07 PM

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QUOTE(shaniandras2787 @ Feb 26 2016, 12:30 PM)
You are right.

If you are purchasing the property through a subsale transaction, you are required to pay the full stamp duty on the Deed of Assignment (by way of Transfer) based on the purchase price. The stamped ORIGINAL Deed of Assignment will be forwarded to your financier for safekeeping (if you are obtaining a loan) and when the individual document of title has been issued, your solicitors will request from your financier the same for endorsement so that the Memorandum of Transfer will only be stamped RM10.00 (nominal fee to give effect of admissibility in court).

BUT if you are purchasing the property by cash then the stamped ORIGINAL Deed of Assignment will be given to you then please be reminded to keep it somewhere safe and a place in which you will not forget otherwise you are going to have a bad time later on.
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Thank you very very much for helping me clarify my doubts....

theproblemkid
post Aug 17 2021, 06:06 PM

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Just curious, if I were to buy a subsale property which is still under master title, during the SnP signing, i will have to pay the MOT right?
When the strata is ready, do I need to pay MOT again for the strata?

Does this mean paying the MOT twice?

This post has been edited by theproblemkid: Aug 17 2021, 06:06 PM
theproblemkid
post Aug 19 2021, 09:24 AM

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QUOTE(mini orchard @ Aug 17 2021, 07:03 PM)
Pay once.
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Thanks for the info

 

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