Trade/exchange house between 2 states
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 Oct 20 2016, 10:36 AM, updated 10y ago
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#1
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Junior Member
196 posts Joined: Jan 2013 
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I have a friend who bought a house in Sabah. Had been paying house bank loan for 4 years.
However recently my friend had to move to Sarawak (long term job), so the Sabah house was left empty most of the time (still new). Friend decided to settle in Sarawak and want to sell off the house in Sabah. Is it possible to somehow exchange the house in Sabah for the one in Sarawak (trade in / swap / exchange )? |
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Oct 21 2016, 09:08 AM
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#2
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Senior Member
2,309 posts Joined: Apr 2011
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QUOTE(TheBladeRunner @ Oct 20 2016, 10:36 AM) I have a friend who bought a house in Sabah. Had been paying house bank loan for 4 years. Yes, it is possible provided the registered owner of the house in Sarawak agrees for such exchange. Both the parties may engage a solicitor to draft out a Asset Exchange Agreement and then attend to the transfer.However recently my friend had to move to Sarawak (long term job), so the Sabah house was left empty most of the time (still new). Friend decided to settle in Sarawak and want to sell off the house in Sabah. Is it possible to somehow exchange the house in Sabah for the one in Sarawak (trade in / swap / exchange )?  |
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Oct 22 2016, 12:31 PM
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#3
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Senior Member
1,946 posts Joined: Aug 2009 
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QUOTE(shaniandras2787 @ Oct 21 2016, 09:08 AM) Yes, it is possible provided the registered owner of the house in Sarawak agrees for such exchange. Both the parties may engage a solicitor to draft out a Asset Exchange Agreement and then attend to the transfer. need to pay MOT stamp duty? |
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Oct 24 2016, 12:18 PM
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#4
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Senior Member
2,309 posts Joined: Apr 2011
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QUOTE(lucerne @ Oct 22 2016, 12:31 PM) need to pay MOT stamp duty? But of course  The government ain't going to give anything away for free. |
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Oct 24 2016, 02:05 PM
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#5
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Senior Member
3,820 posts Joined: Jan 2009 From: Land of the Hornbills & Land Below the Wind
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Such exchange incur RPGT as well if dispose within 5 years?
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