Tuesday, September 15, 2015

Legal fees & Stamp duty on MOT & stamp duty on loan Table of calculation


1. Legal or Lawyer Fees.

Purchase Price (RM)Fees (% from purchase price)Legal Fees
First 150k1% (minimum RM300)RM300 – RM1,500
Next 850k0.70%RM1,501 – RM7,450
Next 2M0.60%RM7,451 – RM19,450
Next 2M0.50%RM19451 – RM29450
Next 2.5M0.40%RM29,451 – RM39,450
Exceed 7.5MNegotiable (maximum0.40%)from RM39,450
On top of that, there are 5% government tax and approximately between RM500 to RM1,000 disbursement cost.
2. Stamp Duty or Memorandum Of Transfer (MOT)
Purchase Price (RM)Fees (% from purchase price)Stamp Duty
First 100k1%RM0 – RM1,000
Next 400k2%RM1,001 – RM9,000
Exceed 500k3%from RM9,000

Alternatively, you may use online Legal Fees & Stamp Duty calculator to calculateautomatically.
  Property Purchase 
  Legal Fees and Stamp Duty Calculator 
   
 Property Price (RM)  
      
  Legal Fees 
  TierTiered Price (RM)Tiered RatePayable (RM) 
  First 150K1.00% 
  Next 850K0.70% 
  Next 2M0.60% 
  Next 2M0.50% 
  Next 2.5M0.40% 
  Exceed 7.5M 
  Legal Fee 
   Service Tax @ 6% 
  Disbursement 
  Total Legal Fees 
     
    
  Stamp Duty (Sales & Purchase) 
  TierTiered Price (RM)Tiered RatePayable (RM) 
  First 100K1.00% 
  Next 400K2.00% 
  Exceed 500K3.00% 
  Total Stamp Duty 
     
      
  Stamp Duty (Loan) 
  Margin of FinancingLoan Amount (RM)RatePayable (RM) 
  0.50% 
   
   
  Grand Total (RM) 
   
 Calculator © 1-million-dollar-blog.com 
   
       
  

2 comments:

  1. http://1-million-dollar-blog.com/calculators/legal-fees-and-stamp-duty-calculator/

    ReplyDelete
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    http://loanstreet.com.my/learning-centre/rpgt-in-malaysia

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