Currently, the property my father purchased is under my aunt's name (freehold individual title). Wanted to transfer the title to my brother (never own any property before).

What is the best way to do it? What are the cost involved?

Understand that transfer between indirect family will still be charged under RPGT and MOT Stamp duty.

METHOD A:

Just do normal MOT transfer under Love and Affection and pay for the RPGT and MOT Stamp duty (if done this way the valuation will be based on market price?)

Method B:

My brother proposed to purchase the property from my aunt at a markdown SPA price (market value 600k) at RM280k only in order to enjoy the first home owner waiver of stamp duty for SPA and loan.

After that, when bank disburse money to my aunt, she will purchase another property with cash under my brother's name. Does that actually work?

Pls let me know if i doesn't clarify enough points here. Will add on.

Hope to get some advise and guidance on this issue.

That's what I though of. The bank disburse the money to my aunt and i think its tough to transfer back few hundred k back to my bro or my dad. Thus need some advice here.

Main reason is that transferring back the prop involve too much tax to the government. Wondering is there any legal way to lower down the cost