MOT/MOC vs POT/POC
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 Sep 1 2023, 09:04 PM
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#1
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Senior Member
1,197 posts Joined: Oct 2006 From: Kuala Lumpur  
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QUOTE(contestchris @ Sep 1 2023, 01:04 PM) Do you have to pay stamping fee for MOC if it was paid at the point of purchase? MOC usually u already paid the ad valorem stamp duty during your loan stage previously. ad valorem = full stamp duty calculated on the amount of loan approved (0.5%) the stamping during MOC stage is just 10 bucks per copy |
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Sep 26 2023, 06:13 PM
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#2
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Senior Member
1,197 posts Joined: Oct 2006 From: Kuala Lumpur
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QUOTE(missartikha @ Sep 20 2023, 10:03 PM) Hi! this is under the new HDA (amended in 2018)I have a question on the MOT because I am still confuse. The image shared was part of the payment schedule in SPA. Is the payment for MOT? Because in the invoice from developer to bank, it stated as “MOT & strata tittle issuance RM xxxx”. So i was wondering if i still need to pay for the MOT amount or the bank has paid and include under loan amount. Anyone can help to advice to clear my doubt? The strata tittle is still yet to be issued and given to me. VP already completed just frw months ago  developer has to get title out before can give VP so one of the condition for developer to claim that stage of payment from your bank is to sign the MOT (developer sign, not you) and send the MOT to the S&P lawyer together with original title. definitely bank loan does not include your MOT amount. |
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