Want to Have a Dream Home? Let's Get To Know Home Sales and Purchase Tax!

Jakarta, Ideatax -- If you plan to sell or buy a house in the near future, there are important things you need to understand before making a transaction, namely regarding sales and home purchase taxes. Now, every house buying and selling transaction is subject to tax calculations in accordance with the applicable laws.

 

For prospective home buyers, the tax imposed on buying and selling transactions is a factor that needs to be considered so that you can manage your finances better. On the other hand, for home sellers, the tax applied not only affects the income from home sales, but also provides information to prospective buyers regarding the amount of tax that needs to be paid each year. This tax can affect the selling price of a home and is an important consideration in the transaction process.

 

Therefore, so that your home buying and selling plans run smoothly, let's look at the discussion regarding residential sale and purchase tax here until the end.

 

Home Sales and Purchase Tax

Home buying and selling tax has various aspects, therefore it requires careful calculations and plans in formulating it. To make it easier for taxpayers to carry out calculations, get to know the types of home sales and purchase taxes which will be explained in full below.

 

1. Home Sales Tax

A person who has sold his house will be charged 2 types of taxes, including PPh (Income Tax) and Building Property Tax. Income tax is charged to home sellers at 2.5% of the predetermined selling price of the home. So what about the UN?

 

Home Sales PBB is of course mandatory, then needs to be paid at 0.5% each year according to the Taxable Sales Value or NJKP. The PBB burden fee is obtained from the NJKP multiplied by the NJOP (Tax Object Sales Value) of the house that has been sold.

 

2. Home Purchase Tax

When discussing home sales and purchase tax, it turns out that new home owners also have an obligation to pay tax. There are 2 types of house purchase tax, including BPHTB (Land and Building Rights Acquisition Fee) and VAT (Value Added Tax).

 

BPHTB needs to be paid by home buyers in the amount of 5% of the tax object for the house, while VAT needs to be paid around 10% of the value of the house to be purchased. Usually the tax will be charged by people who want to buy a house through a developer intermediary.

 

So, now you know the types of taxes related to the home buying and selling process, right? And now, you can be more careful and detailed in calculating the total costs needed to make your dream of owning a home come true.

 

But, did you know, when it comes to home sales and purchase tax, the presence of a reliable tax consultant is very important. Fortunately, Ideatax is here as a trusted solution.

 

As a tax partner, Ideatax provides professional and up-to-date consulting services. Our team of experts is ready to help you develop optimal tax strategies, ensure compliance with applicable regulations, and provide smart solutions to optimize potential tax savings for both business and individual taxes.

 

Don't hesitate to contact us to collaborate in managing tax aspects wisely and efficiently.