Everyone would like to buy a property, either for own stay or for an investment. However, do you know that on top of the property price, you have to pay a substantial amount of money for legal or lawyer fees and stamp duty?
Legal fees is payable to the appointed lawyer who will prepare Sale & Purchase Agreement between purchaser and vendor. On other hand, Stamp Duty which also known as Memorandum Of Transfer (MOT) is payable to the government & collected by Lawyer on behalf of the government.
On top of that, there are 5% government tax and approximately between RM500 to RM1,000 disbursement cost.
- Stamping of SPA (RM10 per copy x 4)
- Bankruptcy/ Winding up search
- Company search (if applicable)
- Land search (before preparation of the SPA & prior to the filing of the Form 14A at the Land Office)
- Registration of Transfer at Land Office
- Affirmation on the Statutory Declaration to request for the 50% waiver on the stamp duty on the transfer/ on the assignment.
- Stamping on the Statutory Declaration to request for the 50% waiver on the stamp duty on the transfer/ on the assignment
- Transportation
- Printing/ Facsimile/ Telephone/ Photocopy charges
- Miscellaneous charges
0 comments:
Post a Comment