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 Stamp duty, legal fee and real estate sales tax

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chiahau
post Sep 8 2017, 11:27 AM

Fatthau StalKer
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14,082 posts

Joined: Aug 2009
From: Malaysia


QUOTE(Mrsticker251 @ Aug 28 2017, 08:01 PM)
Hi all, my unit has been left vacant for almost 2 years and I am working overseas. As such , I need to sell as I cannot support the mortgage anymore. Anyone know how much stamp duty and legal fee I need to pay ? Also my holding period is less than 5 years and I read that I need to pay real estate sales tax , anyone knows how this is being calculated ? Though the selling price is likely higher than the price I paid but after accounting for mortgage and expenses (renovation, management fee, commission etc), I am actually making a loss, so do I still need to pay real estate sales tax ? If so, how do I compute it ?
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Stamp duty and Legal fees are based on your selling price.

1st disposal can request for exemption for RPGT.

Some expenses can be used to offset the RPGT calculations.

Quite hard to answer when informations provided are rather, limited.

 

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