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If you are engaging the following services:- 1. Real Estate Agency Fee - 2% to 3% of transacted price 2. Sale & Purchase Agreement (SPA) lawyer Scale of Fees For the first RM500,000.00 1.0% (subject to a minimum fee of RM500.00) For the next RM500,000.00 0.8% For the next RM2,000,000.00 0.7% For the next RM2,000,000.00 0.6% For the next RM2,500,000.00 0.5% Where the consideration or the adjudicated value is in excess of RM7,500,000.00 Negotiable on the excess (but shall not exceed 0.5% of such excess) 3. For leasehold property, some fee/expenses (up to 1% in some cases) incurred to be paid to developer or land office to obtain the consent to transfer depending on whether an individual or strata title is issued already. 4. Some legal expenses to discharge your property from a bank loan and to declare your proceeds to income tax department. 5. If there is a profit/gain, you may either opt for once in a lifetime exemption on the chargeable gain on disposal of 1 private residence by a Malaysian citizen or Permanent Resident (PR) for Real property Gains Tax (RPGT) submision. Otherwise the following tax scale is applicable:- Holding Period Citizen/PR - Company - Foreigner ithin 3 years 30% 30% 30% In the 4th years 20% 20% 30% In the 5th years 15% 15% 30% Beyond 5 years 5% 10% 10% *Homeowners who own low or medium cost housing priced below RM200,000 are exempted from RPGT when disposing of their property. David Wong (E2097) Mobile:+60193330573 QUANTUM REAL ESTATE - E(3)1320 Read More