Hi sifu,

I would like to know, am I entitle MOT waiver or MOT 50% discount? Which date should I refer to?
My first property : SnP date on Dec'16 / VP on Jul'18
SPA is under schedule H of the HDA

SPA value : RM644,500.00
Loan amount : RM580,050.00

A.) MOT:
Stamp duty
1st (1% X RM100K) = RM1,000.00
Next (2% X RM400K)= RM8,000.00
500K+(3%XRM144.5K)= RM4,335.00
MOT Stamp Duty = RM13,335.00

B.) MOT Legal Fees:
1st (1%X RM500K) = RM5,000.00
Next (0.8%X RM144.5K) = RM1,156.00
Total legal fees = RM6,156.00
(Discount 75%) = RM4,617.00
Total legal fees = RM1,539.00

C.) Others
Disbursement fees =Estimation RM1,000.00
Total fees = RM1,000.00

MOT= A+B+C = RM15,874.00


D.) MOC (Bank charge):
1st (1%X RM500K) = RM5,000.00
Next(0.8%XRM80.05K) = RM640.40
Total MOC = RM5,640.40
(Discount 75%) = RM4,230.30
Total MOC = RM1,410.10

E.) Others:
Disbursement fees = Estimation RM500.00
Total Others = RM500.00

MOC= D + E= RM1,910.10

TOTAL PAID:
A+B+C+D+E= RM17,784.10

Thank you very much.