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Is my SPA quotation including MOT & MOC?
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TShuiz0823
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Sep 14 2018, 12:18 PM, updated 8y ago
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New Member
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Hi all, I have recently received the Strata title letter from my developer. asking to perform a perfection transfer for MOT. as what i found from internet that i will need to pay stamp duty for the MOT AND MOC. but i not sure if i had paid these MOT and MOC before while during i signed my SPA. Can anyone help me to find out from my quotation that issued by the solicitor in earlier? Attached thumbnail(s)
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hanhanhan
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Sep 15 2018, 08:10 PM
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QUOTE(huiz0823 @ Sep 14 2018, 12:18 PM) Hi all, I have recently received the Strata title letter from my developer. asking to perform a perfection transfer for MOT. as what i found from internet that i will need to pay stamp duty for the MOT AND MOC. but i not sure if i had paid these MOT and MOC before while during i signed my SPA. Can anyone help me to find out from my quotation that issued by the solicitor in earlier? Your stamping on MOT & MOC will only be rm10 each
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TShuiz0823
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Sep 15 2018, 09:41 PM
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New Member
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QUOTE(hanhanhan @ Sep 15 2018, 08:10 PM) Your stamping on MOT & MOC will only be rm10 each Hi han, But i saw from the forum saying that mot need to pay 1-3% of the total price of the property.
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hanhanhan
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Sep 17 2018, 09:57 AM
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QUOTE(huiz0823 @ Sep 15 2018, 09:41 PM) Hi han, But i saw from the forum saying that mot need to pay 1-3% of the total price of the property. you've already paid it when you bought it via subsale. the 1-3% thing is actually called "Ad Valorem" stamp duty. you'll need to pay ad valorem stamp duty once for each transaction. in your case you've already paid it on the Deed of Assignment when you buy the house from someone else, and on the Facility Agreement when you took your loan from the bank. Thus when title is issued, ur lawyer should request for the original DOA and FA from your bank so that you only need to stamp RM10 on the MOT & MOC respectively.
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cherroy
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Sep 17 2018, 03:11 PM
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20k VIP Club
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QUOTE(huiz0823 @ Sep 14 2018, 12:18 PM) Hi all, I have recently received the Strata title letter from my developer. asking to perform a perfection transfer for MOT. as what i found from internet that i will need to pay stamp duty for the MOT AND MOC. but i not sure if i had paid these MOT and MOC before while during i signed my SPA. Can anyone help me to find out from my quotation that issued by the solicitor in earlier? QUOTE(hanhanhan @ Sep 17 2018, 09:57 AM) you've already paid it when you bought it via subsale. the 1-3% thing is actually called "Ad Valorem" stamp duty. you'll need to pay ad valorem stamp duty once for each transaction. in your case you've already paid it on the Deed of Assignment when you buy the house from someone else, and on the Facility Agreement when you took your loan from the bank. Thus when title is issued, ur lawyer should request for the original DOA and FA from your bank so that you only need to stamp RM10 on the MOT & MOC respectively. I don't think the "Ad V" was paid when buy from developer.
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hanhanhan
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Sep 17 2018, 04:50 PM
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QUOTE(cherroy @ Sep 17 2018, 03:11 PM) I don't think the "Ad V" was paid when buy from developer. Was paid during the subsale. However developer will be the one to inform on title issuance.
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TShuiz0823
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Sep 20 2018, 11:14 AM
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New Member
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Hi all, my solicitors had gave me a quotation on the mot and moc charges.😵😵😵😵rm4k plus... is that normal? Attached thumbnail(s)
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TShuiz0823
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Sep 20 2018, 11:18 AM
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New Member
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QUOTE(hanhanhan @ Sep 17 2018, 09:57 AM) you've already paid it when you bought it via subsale. the 1-3% thing is actually called "Ad Valorem" stamp duty. you'll need to pay ad valorem stamp duty once for each transaction. in your case you've already paid it on the Deed of Assignment when you buy the house from someone else, and on the Facility Agreement when you took your loan from the bank. Thus when title is issued, ur lawyer should request for the original DOA and FA from your bank so that you only need to stamp RM10 on the MOT & MOC respectively. Hi han, Is that mean i only need to pay rm 10 instead of 4k where my solicitors quoted me?
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hanhanhan
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Sep 22 2018, 12:47 AM
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QUOTE(huiz0823 @ Sep 20 2018, 11:14 AM) Hi all, my solicitors had gave me a quotation on the mot and moc charges.😵😵😵😵rm4k plus... is that normal? your RM10 is at the stamp duty part. RM4k+ is inclusive of 1. legal fees 2. disbursements and registration fees 3. stamp duty (rm10)
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hanhanhan
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Sep 22 2018, 12:48 AM
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QUOTE(huiz0823 @ Sep 20 2018, 11:18 AM) Hi han, Is that mean i only need to pay rm 10 instead of 4k where my solicitors quoted me? your RM10 is under the reimbursement section .. on "STAMP DUTY (ESTIMATED)" your solicitors bill is not wrong.
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