Archive for the ‘Property Tax’ Category
Matters stipulated in building their own activities in the area of real estate:
- Build your own Real Estate in the area on land acquired after December 31, 1994, not designated as build their own, but it is considered constructed by the Real Estate. Because the Real Estate may not sell the land.
- Build your own above ground plots in Area Real Estate occur after the date January 1, 1995, then
- Work to build their own by the owner of Lot Real Estate is considered constructed by the PKP Real Estate
- PKP Real Estate had to collect the VAT payable to the owner of land, then paid the tax return and report them in VAT on month period in question.
- DPP is building value (excluding land price) is calculated by PKP Real Estate if the house was built by PKP Real Estate.
- All costs incurred by owners of land in connection with the construction of houses were reported to the PKP Real Estate every month and is considered as a payment term.
- If the house has been completed, taxpayers must determine the value of Real Estate of houses in accordance with the applicable standard price. In terms of building value is calculated by PKP Real Estate is greater than the amount of installment payments that have been reported by the owner of the land, hence the difference in VAT should be levied, paid and reported by the PKP Real Estate in Tax Return of VAT for the relevant period plots, hence the difference VAT should be levied, fully paid and reported by the taxpayers of Real Estate Tax Return of VAT for the relevant Period
Property business in Indonesia is currently being developed both to be occupied or for long term investment is promising. Before we want to buy a property should we need to know the taxes associated with property purchase transaction itself. Buying property either individually or through the developer / property developers, there are taxes imposed by the government to us. Usually taxes have been incorporated into the selling price if we buy a property through the developer / property developer. The amount of tax depends on the type, amount, size and location of the property.
Here are some of the tax list shall we know if we want to buy a property, a house or dwelling:
- VAT (Value Added Tax)
This tax is only charged once when buying a new property, both from developers and individuals. The amount of tax 10 percent of transaction value. VAT levied property worth over 36 million. If buying property from developers, for the payment and reporting is usually done through the developer. But if you buy from peroarangan, payments are made himself After the transaction, no later than December 15 next month and reported to the local tax office no later than the date of the next 20 months.
- BPHTB (Duty on Acquisition of Land and Buildings)
BPHTB or duties on the acquisition of land and buildings is a tax imposed on the acquisition cost of land and buildings. Acquisition of land and or building is an act or event which resulted in obtaining legal or owns the rights to land and or buildings by a private individual or entity. BPHTB is subject to tax on the acquisition of land and or buildings. BPHTB subject is an individual or an entity which obtained the rights to the land and or buildings.
BPHTB tariffs amounted to 5% of Value of Taxable Tax Object Acquisition. Cost is subject to tax or not subject to tax NPOP set at Rp. 60 million (thirty million rupiah) that any time an amount could be changed by government regulations.
I read what you wrote Maurizio Lupi, Forza CL and Italy – the picture is complete! – Who, forced to give reason to his master that he had promised during the election campaign for the abolition of the ICI on the first home, writes: “So why cut the ICI? The reason is simple: the `ICI is a tax that hits the house, a good thing that most Italians bought at the cost of enormous sacrifices. And for this reason it is perceived as one of the most odious taxes. We believe freedom of the people instead of housing a right of every individual and this does not mean that serious about it any kind of taxation. You see, Mr Maurizio Lupi has no ideas at all clear and not know that there is the universal destination of earthly goods, does not know that private property is theft on them, does not know what is right to pay a tax on a land that is not mine and that the tax is not on the house but on that ground. More confusion than that!
That land is mine, run it, then my duty to pay a fee. ICI is therefore not a tax on the house itself but the land on which the house was built. The house certainly is mine, whether I bought or inherited: they are indeed the owner for all purposes of my house, but I can not say the same of the land on which stands the house. I am an owner of the house but not land. So it is right that I should pay a fee, not the house itself but on the ground. A tax that will go for the common good.
So, totally remove the ICI on the ground is a violation of the universal destination of earthly goods. It is clear that the fee will be assessed based on the amount of land which the owner of any land, even if it were not for construction. I am against the total abolition of the ICI also the first house, but supports its fairer assessment. If my beliefs are right, they become really unbearable and ridiculous reasons which usually lead in favor or against ICI ICI. Municipalities complain that without the revenue ICI their budgets should be in crisis (and therefore the reasons are affordability), while, on the other hand, some politicians talk about a tax “unfair.
Does anyone now expects me to say a word about the tax that goes by the name of ICI (municipal property tax). A tax so vilified as an object of seductive electioneering. So odious to the people as providential for our municipalities. And here’s the question: ICI is an intolerable burden that should be eliminated, one of those fees “unjust” that the government has invented to take the money (even for social purposes), or – here’s the thing – ICI has its legal foundation would say, since it recalls the universal destination of goods of the earth? My answer is clear if we bear in mind what I said on private property. ICI entirely part of the duties that a landowner has land as a lessee of the land. If you are a tenant, I pay the rental fee.
What is Property Tax?
The property tax is a tax levied by the state on property you own. Your property tax is a percentage of property value. Most states tax only through the value of real property (real estate), but some states also tax personal property.
How much property tax I have to pay?
Each state has a different property tax. Usually, he levied an estimated percentage of the value of your property the “Appraised value.”
Several ways that the government determines how your property is worth, or its calculated value. They usually use the purchase price of your home or land to determine how much should be taxed. Your property tax will change with time as the fluctuating real estate market and re-evaluate your property. Read the rest of this entry »