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Good day Sir,
I have a property with a single title. Now I want to subdivide it into 4 lot so that it can be sold separately.
1) What is the procedure in separating lot?
2) Should the separated lot have their on title each under my name?
3). In case 4 title have to be created, do I need to pay for any transfer tax, capital gain... etc?
4). Can I not just sell (deed of sale) first then create a title (TCT) under the name of the buyer for every lot sold?
I have a property with a single title. Now I want to subdivide it into 4 lot so that it can be sold separately.
1) What is the procedure in separating lot?
2) Should the separated lot have their on title each under my name?
3). In case 4 title have to be created, do I need to pay for any transfer tax, capital gain... etc?
4). Can I not just sell (deed of sale) first then create a title (TCT) under the name of the buyer for every lot sold?
