AA  Transfer of ownership

Suppose there are 5 names in a plot of land title (A, B, C, D & E).

A wants to sell to the other 4.

1. Just go a law firm and change the names after the required papers are signed?

Cost?

Need a property valuation report?

2. Does it make any difference whether it is "sell" or "give" in (1) above?

3. Any other simpler way of doing this?

BB  Expiry of land title

Understand that on expiration of a land title, the council has the right to take back the land with a small compensation. Like to know whether the compensation is at market price or x% of the market price?

What is the current success rate in renewal the land title? Better than 50%? I am from Sarawak.

The land has 10 years to go. Better to sell it now as the price will drop due to the expiration. How true is this?

Thanks.

1. No need valuation report. Just sign in lawyer firm to sell A undivide share to the other 4 with X price.

2. Difference is if all the 5 are not direct related, "gift" will still be subject to stamp duty.

3. If all agree, Use "gift" and pay stamp duty. Unless A wanted some money, then use "sell".

***  All brothers and sisters. I guess then state as gift and pay stamp duty.
      Stamp duty is x% of the land value, right? How do they then estimate the land value?


1. Based on Land office valuation which is always lower than market price.

***  Roughly how many % of the market value? 1-30%, 31-60%, 61-100%? Just wondering. If 61-100%, then should still be ok for me.

2. Depends on area and is there any future planning for that area.

***  Some housing in that area, stone throw away. Only problem is, it is closer to the chinese burial area.

3. If can renew, no issue lah. If confirm cannot renew, u sell now also sell at low price. Its hard to determine actually.

***  10 more years to go. Can ask for renewal now?

***  All brothers and sisters. I guess then state as gift and pay stamp duty.
      Stamp duty is x% of the land value, right? How do they then estimate the land value?

***  Roughly how many % of the market value? 1-30%, 31-60%, 61-100%? Just wondering. If 61-100%, then should still be ok for me.

***  Some housing in that area, stone throw away. Only problem is, it is closer to the chinese burial area.

***  10 more years to go. Can ask for renewal now?

Yes. Correct. Can refer to the link below. The land will be value by JPPH department.
http://www.jpph.gov.my/V2/kira_dutisetem.php?versi=1
No specific %. They value according to area and other factors.
If there are no proposed government project in the future, should be able to renew. Unless government say want to develop low cost housing scheme, then it will not be renew after expiration (if left only a few years). Or government will issue notice for acquisition for X value.
Can try to apply. 

Cheers.