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 Inflating Sale price to get higher loan, any impact to seller (tax etc)?

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TSsnowcrash
post Dec 1 2017, 01:30 PM, updated 9y ago

Mortal Sword
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Senior Member
662 posts

Joined: Jan 2003
From: KL


So I got a very strange query to me - Condo in Selangor, owned for more than 6 years. Property is (apparently?) valued at 1.2 million, but is selling at 1.05. However, buyer wants S&P etc to follow valuation, so that they can get higher loan.

Is there any impact to seller (ie higher stamp duty/ tax/ etc that they will kena because of this)? The owner is very keen on selling, but want's to know what he's signing up for.

 

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