Mastering Sale Transactions And Power Of Attorney: Step-By-Step Guidance
[3 CPD hours Approved by LPEPH]
Date & Time:
Venue:
Hartamas Training Centre
Level 13, Block A, Menara Prima, Jalan PJU 1/37, Dataran Prima, 47301, Petaling Jaya, Selangor Darul Ehsan.
Speaker
Mr. David Kok
Managing Partner
Messrs David Kok & Partners (Advocates & Solicitors)
Seminar Outline
Step By Step Procedures in a Sale Transaction
- Letter of Offer to Purchase with specific items to be mentioned.
- What to discuss in the meeting with the solicitors.
- Documents needed.
- Execution of types of documents.
- Background checks.
- Identification of the type of transaction involved and its consequences.
- Real Property Gains Tax Issues and new rulings.
- Application of Consents from various parties.
- Redemption statements, differential sum and undertakings.
- Stamping and registration of relevant documents.
- How to advise for Redemption Sum.
- How to advise for the Balance Sum.
- Complete Handover procedures.
Overview of Matters Conducted through a Power of Attorney
- Usage of Power of Attorney.
- Authentication of Power of Attorney.
- Types of Power of Attorney and its effects.
- Revocable PA.
- Irrevocable PA.
- Irrevocable PA with consideration.
- Limited PA.
- Verification of the validity of the Power of Attorney.
- Validity of the Power of Attorney given to a foreigner.
- Effect of a Power of Attorney on Real Property Gains Tax.