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About MOC/MOT
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tryifelsecatch
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Jun 30 2016, 11:14 AM
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allow me to borrow and continue the thread for stamp duty discount please.
my scenario is, house under 500K: 1. SPA - 2 names (both 1st time buyer) 2. Loan - 1 name
can you help me to understand during MOT, lawyer need to help apply from stamp office both name to get 50% discount in 25% sharing each? and for Loan doc stamp duty, do i entitle 25% or 50%?
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tryifelsecatch
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Jun 30 2016, 01:25 PM
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QUOTE(shaniandras2787 @ Jun 30 2016, 11:58 AM) Are you purchasing a property directly from the developer or through a sub-sale transaction? arrh... sorry i miss that info, it's direct from developer, lawyer also developer lawyer.
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tryifelsecatch
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Jun 30 2016, 03:51 PM
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MOT not so soon as project still under con.
but for loan doc stamp, lawyer already issue the invoice and i don't see the 50% discount. when i ask, they said need to pay full first then wait for stamping office rebate only can get back, and since only 1 name under loan for a 2 name spa, only entitle for 25% discount.
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tryifelsecatch
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Jul 1 2016, 01:17 PM
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you sir are very well verse, may i know what's your profession?  i wish i can convey those message to the solicitor as clearly as how you put it here. furthermore they usually just send their clerk or assistant to call and deal with me. i will ask them more about the % on stemp duty exemption. thanks a bunch!
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