Asked by h***@gmail.com
Hi,
I am a foreigner, bought a flat in KL downtown area. Now, want to transfer the ownership to my son. Lawyer said I have to pay S&P and Stamp Duty as well. The market price dropped a lot in the past few years, around 500,000 RM. But the Lawyer said due to I am a foreigner, the calculation for me must use not less than 1m RM, even though the real market price dropped to about 500,000RM. I wonder if this is the un-fair rule for the foreigner ? Would you mind to give me a correct answer ?
I am a foreigner, bought a flat in KL downtown area. Now, want to transfer the ownership to my son. Lawyer said I have to pay S&P and Stamp Duty as well. The market price dropped a lot in the past few years, around 500,000 RM. But the Lawyer said due to I am a foreigner, the calculation for me must use not less than 1m RM, even though the real market price dropped to about 500,000RM. I wonder if this is the un-fair rule for the foreigner ? Would you mind to give me a correct answer ?
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