Aug 2 2022, 10:38 AM
QUOTE(zeopphire @ Jul 5 2022, 03:32 PM)
Thanks for the information.
Regarding the option to transfer now, the 50% stamp duty is that the stamp duty for strata title transfer?
How is the amount for this stamp duty being calculated?
Thanks again.
Since you are the borrower (loan in your name), you can check with the bank whether they are agreeable to let your parents transfer the house to you subject to the loan. If bank allow, then you don't need to refinance. Regarding the option to transfer now, the 50% stamp duty is that the stamp duty for strata title transfer?
How is the amount for this stamp duty being calculated?
Thanks again.
Stamp duty for such cases will be based on the house's market value (LHDN to decide).
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