Apr 13 2022, 11:33 AM
QUOTE(officepw @ Apr 11 2022, 01:21 PM)
Why I will be taxed if I buy a property at 550k or 600k and sign SNP at 450k? If the bank values the property at only 450k but owner charge me 600k, can I get the stamp duty exemption? the extra will be paid by myself and fama (father and mother) loan...
The valuation is done by the government and not price stated in S&P. The government will use the market price based on recent transactions.600k for a condo is expensive, where is this place and what is the size of the condo?
An apartment in Bukit Jalil 1000 sq ft only sell at around 430k and you get your stamp exemption.
Don't buy expensive condo because in the future it will drop and you will lose money.
Below 500k is more reasonable
This post has been edited by ericthai: Apr 13 2022, 11:35 AM
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