Your answer:-

1) no, you will no longer enjoy the benefits accorded for first time house purchasers, whether you inherited or obtained by trust such properties, it does not matter.

2) the government is very simple, as long as tax is paid for the monies earned then you can use it in any manner you want but judging from your statement, i believe that you didn't declare it during your submission of your yearly tax la, right?

3) i don't even know why you ask this question, of course settling everything is the only way to solve it -.- what do you expect? PTPTN to suddenly grant you grace and waive payment of everything meh.

RM360,000.00 purchase price means you need to pay RM36,000.00 for 10% deposit, that leaves you with RM9,000.00 to spare. The stamp duty for your transfer/assignment also costs you RM6,200.00 already which then makes you have the balance of RM2,800.00.

Assuming you get a 90% loan for RM324,000.00, stamp duty for the facility agreement will costs you RM1,620.00 already, so you now have RM1,180.00.

You think RM1,180.00 enough to pay legal fees and disbursements for Sale and Purchase Agreement + Loan Documentations?

unlike PTPTN now will give you any restructuring la... further, as long as you don't settle your PTPTN loan, your bank will take this as a liability and will impede your borrowing capabilities.

anyway, my general rule is this... unless you have at least 55% of the purchase price in cash sitting somewhere in your bank account, never undertake to commit otherwise it's basically nailing yourself to the wall.

good luck!