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 Is SPA stamp duty = MoT fee?

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MsYoppyStar
post Feb 28 2016, 08:04 PM

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May I knw SAP & Loan Agreement for government stamping took how long?
MsYoppyStar
post Feb 29 2016, 06:23 PM

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QUOTE(shaniandras2787 @ Feb 29 2016, 10:20 AM)
The stamping of Sale and Purchase Agreement can be done immediately because it's for nominal stamp duties only.

The Principal Loan Agreement (ie. Facilities Agreement) would take slightly longer, probably between 1 to 2 weeks from the date your solicitors submit same for adjudication to determine the stamp duty payable. You can get your estimation by doing the following simple equation:-

Loan Amount (minus MRTA, legal fees etc) x 0.5%
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What if Lawyer drag me 3months and told tat pending for government stamping for this loan agreement documents? >.<
MsYoppyStar
post Mar 1 2016, 01:29 AM

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QUOTE(shaniandras2787 @ Feb 29 2016, 06:25 PM)
I don't think the stamping office will require 3 months to stamp any types of documents. Ask deeper and get the exact reasons why they require 3 months.
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The lawyer said waiting for stamping ><
MsYoppyStar
post Mar 1 2016, 10:27 AM

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QUOTE(shaniandras2787 @ Mar 1 2016, 09:13 AM)
Ask the solicitor when was the document submitted for adjudication and then request for a copy of the "Adjudication Notice". They can't lie about that date.
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Thanks alot. I may ask smile.gif

 

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