50% stamp duty for MOT

Prop.Observer — Mon, 26 Jan 2015 15:37:30 +0800

Can anyone sifu here enlighten me about the 50% stamp duty tax by following details.

-strata title condo & signed SPA on Jun 2011
-first property for both of us (joint name property)
-Purchase price at 409K

Recently we recevied a letter from developer asking to us convert from master title to strata title.
As i understood budget 2015 announced that first property with less than Rm500k eligible to get discount 50% for MOT.

Question is, did i eligible 50% discount for MOT?

if yes. What is the process of rebate? pay full amount and rebate after this ?

Million thanks in advance.

Disadvantage of Strata title by new lawyer

Prop.Observer — Wed, 19 Nov 2014 16:17:35 +0800

Hello LYN sifu,

Condition :-

1) SnP lawyer with developer is done by lawyer A in year 2011.
2) Loan arrangement with bank is done by lawyer B in year 2011.

Recently i have received a letter from developer to transfer from master to strata title for freehold condo.

Now i wish to appoint lawyer C to execute MOT regarding perfection of transfer/charge since i wan save my time / cost.

May i know the disadvantage if i appoint lawyer C to execute my MOT.

Appreciate any sifu can advise.

Lowyat.NET: Latest topics by Prop.Observer

50% stamp duty for MOT

Disadvantage of Strata title by new lawyer