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?
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.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.
Sep 17 2018, 03:11 PM
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