Posts Tagged ‘home inspection’
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.
When you’re about to buy a house as recommended is working with a realtor, and that this will get all the information regarding real estate related. Here we give the requirements, interview and selection of a real estate agent.
• Make sure the agent works full time, who is licensed realtor, that is professional, who treats you with respect, willing to answer any and all questions and doubts you have, to explain the contract and all relevant documents to the purchase, and working for the benefit of consumers.
• Have knowledge of the market conditions and the types of funding available for early purchasers and agencies offering aid. (Preferably the loan officer is different from the real estate agent).
Obtaining insurance
Before you can “lock” on your loan will be required to obtain two types of insurance: homeowners insurance and title insurance.
(1) Homeowners insurance
Homeowner’s insurance protects your home and possessions in case of an unfortunate event or accident. There are two components of homeowner’s insurance: insurance against damage or actual property insurance (casualty / property insurance) and third party liability insurance (liability insurance).
* Insurance against injury / property insurance (Casualty / property insurance). Covers your personal property (possessions of his house) in the case of a disaster or accident.
* Third-party liability insurance (Liability insurance). It protects you in case something happens to one person while the person is on your property and decides to sue you.
You can choose a basic policy (called HO-1) or five others that offer several additions, such as coverage in case of collapse of the building, renters insurance, condo or co-op. Read the rest of this entry »