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 Appeal on property stamp duty

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chiahau
post Oct 5 2017, 10:33 AM

Fatthau StalKer
********
All Stars
14,082 posts

Joined: Aug 2009
From: Malaysia
QUOTE(skylightlava @ Oct 3 2017, 11:28 PM)
Anyone here appeal the stamp duty on property valuation before?

I bought an apartment for $460k but the stamp duty is charged on valuation price of $540k. What is the procedure and success rate of the appeal?

Thanks,
*
Can try to appeal then don't have high hopes for it.

They usually won't revise the ad valorem stamp duty for you.
chiahau
post Oct 9 2017, 03:39 PM

Fatthau StalKer
********
All Stars
14,082 posts

Joined: Aug 2009
From: Malaysia
QUOTE(-/00\- @ Oct 8 2017, 04:46 PM)
Try to appeal and submit together with valuation report. Sometimes it's a mistake from JPPH. Ada try ada chance..
*
Valuation of JPPH and IRB is different btw. I don't think IRB uses JPPH's valuation in their calculation for stamp duty.

Thus the term, ad valorem.

IRB usually values it on the higher side, sadly.
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